TD Asset Management Inc. raised its position in shares of Archer Daniels Midland Co. (NYSE:ADM) by 2.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 664,547 shares of the company’s stock after buying an additional 13,193 shares during the period. TD Asset Management Inc. owned approximately 0.11% of Archer Daniels Midland worth $28,024,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. Evercore Wealth Management LLC boosted its stake in shares of Archer Daniels Midland by 6.2% in the second quarter. Evercore Wealth Management LLC now owns 2,581 shares of the company’s stock valued at $111,000 after buying an additional 151 shares during the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of Archer Daniels Midland during the third quarter valued at $110,000. NEXT Financial Group Inc boosted its stake in shares of Archer Daniels Midland by 60.1% in the third quarter. NEXT Financial Group Inc now owns 2,621 shares of the company’s stock valued at $111,000 after buying an additional 984 shares during the last quarter. Pinkerton Retirement Specialists LLC boosted its stake in shares of Archer Daniels Midland by 9,300.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,726 shares of the company’s stock valued at $117,000 after buying an additional 2,697 shares during the last quarter. Finally, Washington Trust Bank boosted its stake in shares of Archer Daniels Midland by 0.6% in the third quarter. Washington Trust Bank now owns 3,091 shares of the company’s stock valued at $130,000 after buying an additional 17 shares during the last quarter. 72.14% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

Shares of Archer Daniels Midland Co. (NYSE:ADM) traded up 0.63% on Wednesday, hitting $43.04. 448,345 shares of the company traded hands. The firm has a market capitalization of $24.77 billion, a P/E ratio of 16.27 and a beta of 0.88. Archer Daniels Midland Co. has a 1-year low of $29.86 and a 1-year high of $47.88. The firm’s 50-day moving average is $43.74 and its 200 day moving average is $42.95.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, November 1st. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.13. The firm earned $15.83 billion during the quarter, compared to analyst estimates of $16.23 billion. Archer Daniels Midland had a net margin of 2.53% and a return on equity of 6.79%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. On average, analysts anticipate that Archer Daniels Midland Co. will post $2.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, November 14th. Archer Daniels Midland’s dividend payout ratio is currently 45.45%.

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Several brokerages have weighed in on ADM. Macquarie increased their price target on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, August 29th. Vetr raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 price target for the company in a research report on Tuesday, September 6th. JPMorgan Chase & Co. cut shares of Archer Daniels Midland from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $42.00 to $36.00 in a research report on Friday, November 11th. Finally, Argus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and increased their price target for the company from $43.93 to $54.00 in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $44.29.

In related news, VP John P. Stott sold 2,418 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $47.74, for a total value of $115,435.32. Following the completion of the sale, the vice president now directly owns 36,880 shares of the company’s stock, valued at $1,760,651.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ambrose Michael D sold 20,762 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $47.16, for a total transaction of $979,135.92. Following the completion of the sale, the insider now directly owns 177,265 shares of the company’s stock, valued at $8,359,817.40. The disclosure for this sale can be found here. 3.15% of the stock is currently owned by corporate insiders.

Archer Daniels Midland Company Profile

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