Bronfman E.L. Rothschild L.P. Boosts Stake in Archer-Daniels-Midland Company (ADM)
Bronfman E.L. Rothschild L.P. lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 14.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 15,318 shares of the company’s stock after buying an additional 1,901 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Archer-Daniels-Midland were worth $651,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. ING Groep NV increased its position in Archer-Daniels-Midland by 0.3% during the second quarter. ING Groep NV now owns 29,478 shares of the company’s stock worth $1,220,000 after acquiring an additional 76 shares during the period. Good Life Advisors LLC grew its stake in shares of Archer-Daniels-Midland by 1.0% in the 2nd quarter. Good Life Advisors LLC now owns 9,323 shares of the company’s stock worth $378,000 after acquiring an additional 90 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Archer-Daniels-Midland by 0.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 16,050 shares of the company’s stock worth $664,000 after acquiring an additional 100 shares in the last quarter. Financial Counselors Inc. boosted its holdings in shares of Archer-Daniels-Midland by 1.4% in the 2nd quarter. Financial Counselors Inc. now owns 10,418 shares of the company’s stock worth $431,000 after buying an additional 144 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. boosted its holdings in shares of Archer-Daniels-Midland by 2.0% in the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 10,281 shares of the company’s stock worth $425,000 after buying an additional 197 shares during the last quarter. Institutional investors own 73.51% of the company’s stock.
Shares of Archer-Daniels-Midland Company (NYSE ADM) traded down $0.10 on Thursday, hitting $39.24. The stock had a trading volume of 1,876,400 shares, compared to its average volume of 3,026,549. Archer-Daniels-Midland Company has a 12-month low of $38.59 and a 12-month high of $47.44. The company has a market capitalization of $21,890.00, a PE ratio of 16.60 and a beta of 1.10. 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 posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.10). The company had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $16 billion. Archer-Daniels-Midland had a return on equity of 7.86% and a net margin of 2.01%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. equities analysts expect that Archer-Daniels-Midland Company will post 2.35 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Wednesday, November 15th. Archer-Daniels-Midland’s payout ratio is 60.09%.
A number of equities analysts recently weighed in on ADM shares. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target (up from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. BidaskClub upgraded Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Piper Jaffray Companies set a $42.00 price target on Archer-Daniels-Midland and gave the company a “hold” rating in a research report on Friday, August 25th. Finally, Credit Suisse Group decreased their price target on Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, August 31st. One 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 given a strong buy rating to the stock. Archer-Daniels-Midland presently has an average rating of “Hold” and an average price target of $42.22.
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