Pinnacle Associates Ltd. decreased its position in Archer Daniels Midland Company (NYSE:ADM) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,772 shares of the company’s stock after selling 2,349 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Archer Daniels Midland were worth $1,351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ADM. Manchester Capital Management LLC lifted its holdings in shares of Archer Daniels Midland by 28.3% in the 2nd quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock worth $112,000 after purchasing an additional 600 shares during the last quarter. Sun Life Financial INC bought a new stake in shares of Archer Daniels Midland in the 3rd quarter worth approximately $147,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Archer Daniels Midland in the 3rd quarter worth approximately $202,000. Stratos Wealth Partners LTD. bought a new stake in shares of Archer Daniels Midland in the 3rd quarter worth approximately $212,000. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in shares of Archer Daniels Midland in the 3rd quarter worth approximately $220,000. Institutional investors own 75.94% of the company’s stock.

Shares of Archer Daniels Midland Company (NYSE:ADM) opened at $40.83 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 1.61. The firm has a market capitalization of $22,834.19, a price-to-earnings ratio of 17.23 and a beta of 1.09. Archer Daniels Midland Company has a 12 month low of $38.59 and a 12 month high of $47.44.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.10). The business had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $16 billion. Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. equities research analysts expect that Archer Daniels Midland Company will post 2.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders 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 3.13%. The ex-dividend date is Wednesday, November 15th. Archer Daniels Midland’s payout ratio is currently 59.81%.

ADM has been the topic of several recent research reports. BidaskClub raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Piper Jaffray Companies set a $42.00 price target on Archer Daniels Midland and gave the stock a “hold” rating in a report on Friday, August 25th. Credit Suisse Group cut their price target on 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 Archer Daniels Midland in a report on Monday, September 11th. They issued an “outperform” rating and a $50.00 price target on the stock. Finally, Citigroup downgraded Archer Daniels Midland from a “buy” rating to a “neutral” rating and lifted their target price for the company from $42.25 to $45.00 in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.22.

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About Archer Daniels Midland

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

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