Todays Report: Today, Amica Retiree Medical Trust Reached $190,000 position of Archer Daniels Midland Co. (ADM)

Today, Amica Retiree Medical Trust Reached $190,000 position  of Archer Daniels Midland Co. (ADM)

Amica Retiree Medical Trust held its stake in Archer Daniels Midland Co. (NYSE:ADM) during the third quarter, Holdings Channel reports. The fund owned 4,514 shares of the company’s stock at the end of the third quarter. Amica Retiree Medical Trust’s holdings in Archer Daniels Midland were worth $190,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of ADM. Evercore Wealth Management LLC increased its stake in Archer Daniels Midland by 6.2% in the second quarter. Evercore Wealth Management LLC now owns 2,581 shares of the company’s stock worth $111,000 after buying an additional 151 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in Archer Daniels Midland during the third quarter worth $110,000. NEXT Financial Group Inc increased its stake in Archer Daniels Midland by 60.1% in the third quarter. NEXT Financial Group Inc now owns 2,621 shares of the company’s stock worth $111,000 after buying an additional 984 shares in the last quarter. Pinkerton Retirement Specialists LLC increased its stake in Archer Daniels Midland by 9,300.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,726 shares of the company’s stock worth $117,000 after buying an additional 2,697 shares in the last quarter. Finally, Washington Trust Bank increased its stake in Archer Daniels Midland by 0.6% in the third quarter. Washington Trust Bank now owns 3,091 shares of the company’s stock worth $130,000 after buying an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 73.53% of the company’s stock.

Shares of Archer Daniels Midland Co. (NYSE:ADM) traded up 0.69% during mid-day trading on Friday, reaching $43.55. The company’s stock had a trading volume of 1,776,687 shares. The firm has a market cap of $25.06 billion, a PE ratio of 16.46 and a beta of 0.88. The company has a 50-day moving average of $43.71 and a 200-day moving average of $42.81. Archer Daniels Midland Co. has a 12 month low of $29.86 and a 12 month high of $47.88.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.13. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $16.23 billion. Archer Daniels Midland had a return on equity of 6.79% and a net margin of 2.53%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. On average, analysts predict that Archer Daniels Midland Co. will post $2.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Wednesday, November 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Monday, November 14th. Archer Daniels Midland’s payout ratio is 45.45%.

Several equities research analysts have recently commented on ADM shares. Macquarie boosted their target price on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 29th. Vetr upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 target price on the stock in a research note on Tuesday, September 6th. Argus upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and boosted their target price for the company from $43.93 to $54.00 in a research note on Thursday, August 4th. Finally, JPMorgan Chase & Co. downgraded shares of Archer Daniels Midland from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $42.00 to $36.00 in a research note on Friday, November 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.29.

In other news, insider Ambrose Michael D sold 20,762 shares of the stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $47.16, for a total transaction of $979,135.92. Following the sale, the insider now directly owns 177,265 shares of the company’s stock, valued at approximately $8,359,817.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP John P. Stott sold 2,418 shares of the stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $47.74, for a total value of $115,435.32. Following the sale, the vice president now directly owns 36,880 shares in the company, valued at $1,760,651.20. The disclosure for this sale can be found here. Company insiders own 3.15% of the company’s stock.

Archer Daniels Midland Company Profile

Related posts

Leave a Comment