Symons Capital Management Inc. trimmed its stake in shares of Archer Daniels Midland Co (NYSE:ADM) by 9.4% during the third quarter, HoldingsChannel.com reports. The firm owned 80,720 shares of the company’s stock after selling 8,375 shares during the quarter. Symons Capital Management Inc.’s holdings in Archer Daniels Midland were worth $3,316,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of ADM. Steward Partners Investment Advisory LLC purchased a new position in Archer Daniels Midland during the second quarter worth about $31,000. Cornerstone Advisors Inc. grew its position in Archer Daniels Midland by 48.9% during the second quarter. Cornerstone Advisors Inc. now owns 917 shares of the company’s stock worth $37,000 after buying an additional 301 shares in the last quarter. Hartford Financial Management Inc. grew its position in Archer Daniels Midland by 125.0% during the second quarter. Hartford Financial Management Inc. now owns 900 shares of the company’s stock worth $37,000 after buying an additional 500 shares in the last quarter. Coastal Capital Group Inc. purchased a new position in Archer Daniels Midland during the second quarter worth about $41,000. Finally, Bartlett & Co. LLC grew its position in Archer Daniels Midland by 187.4% during the third quarter. Bartlett & Co. LLC now owns 1,006 shares of the company’s stock worth $41,000 after buying an additional 656 shares in the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.
Shares of ADM traded down $0.23 during midday trading on Friday, reaching $43.31. The stock had a trading volume of 2,481,431 shares, compared to its average volume of 3,479,829. The company’s 50-day moving average is $40.81 and its 200 day moving average is $40.39. Archer Daniels Midland Co has a 12-month low of $36.45 and a 12-month high of $48.99. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $23.92 billion, a price-to-earnings ratio of 12.37 and a beta of 1.10.
Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. Archer Daniels Midland had a return on equity of 8.06% and a net margin of 1.85%. The firm had revenue of $16.73 billion during the quarter, compared to analysts’ expectations of $16.18 billion. During the same period in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts forecast that Archer Daniels Midland Co will post 2.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Wednesday, November 20th. Archer Daniels Midland’s payout ratio is currently 40.00%.
Several research firms recently commented on ADM. Barclays restated an “overweight” rating on shares of Archer Daniels Midland in a research report on Thursday, October 24th. Credit Suisse Group reduced their target price on Archer Daniels Midland from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Peel Hunt restated a “hold” rating on shares of Archer Daniels Midland in a research report on Tuesday, October 22nd. Robert W. Baird set a $48.00 target price on Archer Daniels Midland and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, ValuEngine upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Archer Daniels Midland presently has a consensus rating of “Buy” and an average price target of $48.38.
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. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
Further Reading: Channel Trading
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