Archer-Daniels-Midland Company (ADM) Shares Sold by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale decreased its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,280 shares of the company’s stock after selling 3,510 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Archer-Daniels-Midland were worth $6,517,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of ADM. Xact Kapitalforvaltning AB grew its holdings in shares of Archer-Daniels-Midland by 1.7% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 87,103 shares of the company’s stock valued at $3,703,000 after purchasing an additional 1,423 shares during the last quarter. BlackRock Inc. increased its holdings in Archer-Daniels-Midland by 6.0% in the 2nd quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after buying an additional 2,359,196 shares during the period. Renaissance Group LLC increased its holdings in Archer-Daniels-Midland by 14.4% in the 2nd quarter. Renaissance Group LLC now owns 52,731 shares of the company’s stock worth $2,182,000 after buying an additional 6,618 shares during the period. Homrich & Berg increased its holdings in Archer-Daniels-Midland by 11.7% in the 2nd quarter. Homrich & Berg now owns 16,299 shares of the company’s stock worth $674,000 after buying an additional 1,709 shares during the period. Finally, Federated Investors Inc. PA increased its holdings in Archer-Daniels-Midland by 526.7% in the 2nd quarter. Federated Investors Inc. PA now owns 109,145 shares of the company’s stock worth $4,517,000 after buying an additional 91,729 shares during the period. 73.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Archer-Daniels-Midland Company (ADM) opened at $39.42 on Friday. The company has a market cap of $22,045.63, a P/E ratio of 16.63 and a beta of 1.11. Archer-Daniels-Midland Company has a one year low of $38.59 and a one year high of $47.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 1.61.
Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The firm had revenue of $14.83 billion for the quarter, compared to analyst estimates of $16 billion. Archer-Daniels-Midland had a return on equity of 7.86% and a net margin of 2.01%. Archer-Daniels-Midland’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. research analysts forecast that Archer-Daniels-Midland Company will post 2.35 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.25%. Archer-Daniels-Midland’s payout ratio is 59.81%.
ADM has been the topic of several research reports. Zacks Investment Research upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Credit Suisse Group cut their price target on shares of Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, August 31st. Robert W. Baird initiated coverage on shares of Archer-Daniels-Midland in a report on Monday, September 11th. They issued an “outperform” rating and a $50.00 price target on the stock. Piper Jaffray Companies set a $42.00 price target on shares of Archer-Daniels-Midland and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 price target (down previously from $41.00) on shares of Archer-Daniels-Midland in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $42.22.
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