Palladium Partners LLC Sells 2,926 Shares of Archer-Daniels-Midland Company (ADM)
Palladium Partners LLC decreased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,005 shares of the company’s stock after selling 2,926 shares during the quarter. Palladium Partners LLC’s holdings in Archer-Daniels-Midland were worth $1,148,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. ING Groep NV grew its position in Archer-Daniels-Midland by 0.3% in the second quarter. ING Groep NV now owns 29,478 shares of the company’s stock valued at $1,220,000 after acquiring an additional 76 shares in the last quarter. Good Life Advisors LLC grew its position in shares of Archer-Daniels-Midland by 1.0% during the second quarter. Good Life Advisors LLC now owns 9,323 shares of the company’s stock worth $378,000 after buying an additional 90 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Archer-Daniels-Midland by 0.6% during the second quarter. Daiwa Securities Group Inc. now owns 16,050 shares of the company’s stock worth $664,000 after buying an additional 100 shares in the last quarter. Financial Counselors Inc. grew its position in shares of Archer-Daniels-Midland by 1.4% during the second quarter. Financial Counselors Inc. now owns 10,418 shares of the company’s stock worth $431,000 after buying an additional 144 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its position in shares of Archer-Daniels-Midland by 2.0% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 10,281 shares of the company’s stock worth $425,000 after buying an additional 197 shares in the last quarter. 73.34% of the stock is owned by institutional investors.
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A number of analysts have recently weighed in on the stock. Robert W. Baird reissued a “buy” rating and set a $47.00 price target on shares of Archer-Daniels-Midland in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $41.00 to $36.00 and set a “market perform” rating for the company in a research report on Wednesday, November 1st. Citigroup Inc. downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and raised their price target for the stock from $42.25 to $45.00 in a research report on Thursday, September 28th. Finally, Monness Crespi & Hardt decreased their price target on shares of Archer-Daniels-Midland from $38.00 to $37.00 and set a “sell” rating for the company in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $42.22.
Shares of Archer-Daniels-Midland Company (NYSE ADM) traded down $0.51 on Thursday, reaching $38.96. The company had a trading volume of 3,783,100 shares, compared to its average volume of 3,036,925. Archer-Daniels-Midland Company has a 52-week low of $38.59 and a 52-week high of $47.44. The company has a market capitalization of $21,840.00, a PE ratio of 16.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.61 and a quick ratio of 0.91.
Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.10). Archer-Daniels-Midland had a return on equity of 7.86% and a net margin of 2.01%. The firm had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $16 billion. During the same quarter last year, the business earned $0.59 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. sell-side analysts predict that Archer-Daniels-Midland Company will post 2.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, November 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 60.09%.
Archer-Daniels-Midland Company Profile
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