Accurate Investment Solutions Inc. reduced its stake in Archer Daniels Midland Co (NYSE:ADM) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,562 shares of the company’s stock after selling 2,650 shares during the quarter. Archer Daniels Midland makes up approximately 3.3% of Accurate Investment Solutions Inc.’s investment portfolio, making the stock its 13th biggest position. Accurate Investment Solutions Inc.’s holdings in Archer Daniels Midland were worth $3,628,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Deane Retirement Strategies Inc. grew its position in shares of Archer Daniels Midland by 0.9% during the fourth quarter. Deane Retirement Strategies Inc. now owns 33,513 shares of the company’s stock valued at $1,373,000 after purchasing an additional 291 shares in the last quarter. Belpointe Asset Management LLC grew its position in shares of Archer Daniels Midland by 7.5% during the third quarter. Belpointe Asset Management LLC now owns 11,736 shares of the company’s stock valued at $590,000 after purchasing an additional 818 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of Archer Daniels Midland by 12.8% during the third quarter. Raymond James Trust N.A. now owns 9,653 shares of the company’s stock valued at $485,000 after purchasing an additional 1,097 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Archer Daniels Midland by 1.5% during the second quarter. Envestnet Asset Management Inc. now owns 75,246 shares of the company’s stock valued at $3,450,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Heritage Investors Management Corp grew its position in shares of Archer Daniels Midland by 0.5% during the third quarter. Heritage Investors Management Corp now owns 236,999 shares of the company’s stock valued at $11,914,000 after purchasing an additional 1,120 shares in the last quarter. 75.50% of the stock is currently owned by institutional investors.

NYSE ADM traded down $0.22 during trading on Friday, hitting $43.15. The stock had a trading volume of 180,333 shares, compared to its average volume of 3,335,631. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 0.94. The company has a market cap of $24.15 billion, a P/E ratio of 17.72 and a beta of 0.99. Archer Daniels Midland Co has a one year low of $39.16 and a one year high of $52.06.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.09. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.72 billion. Archer Daniels Midland had a net margin of 3.54% and a return on equity of 10.45%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. As a group, equities research analysts expect that Archer Daniels Midland Co will post 3.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 23rd were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 3.11%. The ex-dividend date was Wednesday, November 21st. Archer Daniels Midland’s payout ratio is currently 55.14%.

In other news, CFO Ray G. Young acquired 2,100 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was acquired at an average price of $47.35 per share, with a total value of $99,435.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is owned by company insiders.

A number of brokerages have recently weighed in on ADM. Zacks Investment Research upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a research report on Tuesday. Argus upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, November 8th. Finally, Cleveland Research restated a “hold” rating on shares of Archer Daniels Midland in a research report on Monday, October 1st. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Archer Daniels Midland currently has a consensus rating of “Buy” and an average target price of $49.42.

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Archer Daniels Midland Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

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

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