Eurizon Capital SGR S.p.A. Sells 36,656 Shares of Archer Daniels Midland Company $ADM

Eurizon Capital SGR S.p.A. trimmed its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 417,759 shares of the company’s stock after selling 36,656 shares during the period. Eurizon Capital SGR S.p.A. owned about 0.09% of Archer Daniels Midland worth $33,163,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Triumph Capital Management raised its stake in shares of Archer Daniels Midland by 62.2% in the 3rd quarter. Triumph Capital Management now owns 313 shares of the company’s stock valued at $25,000 after acquiring an additional 120 shares during the period. CFS Investment Advisory Services LLC lifted its holdings in shares of Archer Daniels Midland by 0.7% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 17,871 shares of the company’s stock valued at $1,469,000 after acquiring an additional 127 shares in the last quarter. MGO One Seven LLC boosted its position in Archer Daniels Midland by 0.9% during the 3rd quarter. MGO One Seven LLC now owns 17,320 shares of the company’s stock worth $1,375,000 after purchasing an additional 156 shares during the period. KCM Investment Advisors LLC boosted its position in Archer Daniels Midland by 3.4% during the 1st quarter. KCM Investment Advisors LLC now owns 5,680 shares of the company’s stock worth $413,000 after purchasing an additional 185 shares during the period. Finally, Brighton Jones LLC boosted its position in Archer Daniels Midland by 3.8% during the 3rd quarter. Brighton Jones LLC now owns 5,151 shares of the company’s stock worth $409,000 after purchasing an additional 188 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer Daniels Midland Stock Up 2.7%

Shares of Archer Daniels Midland stock opened at $72.86 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.45 and a debt-to-equity ratio of 0.31. The firm has a market cap of $34.68 billion, a P/E ratio of 14.20, a P/E/G ratio of 2.08 and a beta of 0.63. Archer Daniels Midland Company has a fifty-two week low of $56.80 and a fifty-two week high of $88.75. The business has a 50-day moving average price of $79.82 and a 200 day moving average price of $76.63.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.17. Archer Daniels Midland had a net margin of 2.95% and a return on equity of 10.84%. The firm had revenue of $22.34 billion for the quarter, compared to analysts’ expectations of $23.27 billion. During the same quarter last year, the company posted $0.92 earnings per share. Archer Daniels Midland’s revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts forecast that Archer Daniels Midland Company will post 5.69 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 18th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 40.55%.

Analyst Ratings Changes

Several research firms have commented on ADM. JPMorgan Chase & Co. raised Archer Daniels Midland from an “underweight” rating to a “neutral” rating and set a $75.00 price objective on the stock in a research report on Wednesday, November 4th. Wall Street Zen downgraded Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 8th. Stephens lowered their target price on Archer Daniels Midland from $85.00 to $75.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 4th. Zacks Research downgraded Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Barclays boosted their price target on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $80.25.

Insider Transactions at Archer Daniels Midland

In other news, Director R II purchased 2,800 shares of the stock in a transaction dated Thursday, November 5th. The shares were bought at an average cost of $70.27 per share, for a total transaction of $196,756.00. Following the transaction, the director owned 2,800 shares in the company, valued at $196,756. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Archer Daniels Midland Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural supply chain and food ingredient company. It sources, transports, stores and processes crops, connecting farmers with food, feed, fuel and industrial markets. ADM processes commodities such as corn, oilseeds and wheat into products including vegetable oils, protein meals, flour, starches, sweeteners and other food ingredients. Its businesses also supply ingredients and solutions for human and animal nutrition, as well as products used in biofuels and other industrial applications.