Highland Capital Management LLC lowered its position in Archer Daniels Midland Co. (NYSE:ADM) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 93,976 shares of the company’s stock after selling 380 shares during the period. Highland Capital Management LLC’s holdings in Archer Daniels Midland were worth $3,963,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Archer Daniels Midland by 64.2% in the first quarter. Wellington Management Group LLP now owns 557,700 shares of the company’s stock worth $20,250,000 after buying an additional 218,015 shares during the period. Squarepoint Ops LLC boosted its position in Archer Daniels Midland by 178.4% in the first quarter. Squarepoint Ops LLC now owns 26,948 shares of the company’s stock worth $978,000 after buying an additional 17,267 shares during the period. Marshwinds Advisory Co. boosted its position in Archer Daniels Midland by 4.7% in the second quarter. Marshwinds Advisory Co. now owns 14,401 shares of the company’s stock worth $618,000 after buying an additional 650 shares during the period. Integrated Investment Consultants LLC boosted its position in Archer Daniels Midland by 1.7% in the second quarter. Integrated Investment Consultants LLC now owns 14,737 shares of the company’s stock worth $632,000 after buying an additional 253 shares during the period. Finally, Raymond James Trust N.A. bought a new position in Archer Daniels Midland during the second quarter worth approximately $203,000. 72.14% of the stock is owned by hedge funds and other institutional investors.
Shares of Archer Daniels Midland Co. (NYSE:ADM) traded down 1.01% on Monday, reaching $43.11. The company’s stock had a trading volume of 2,867,335 shares. The stock has a market cap of $24.81 billion, a P/E ratio of 16.29 and a beta of 0.88. Archer Daniels Midland Co. has a 12 month low of $29.86 and a 12 month high of $47.88. The firm’s 50-day moving average price is $43.73 and its 200-day moving average price is $42.85.
Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, November 1st. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.13. Archer Daniels Midland had a return on equity of 6.79% and a net margin of 2.53%. The firm earned $15.83 billion during the quarter, compared to analyst estimates of $16.23 billion. During the same period last year, the firm posted $0.60 EPS. The business’s revenue was down 4.4% compared to the same quarter last year. On average, analysts forecast that Archer Daniels Midland Co. will post $2.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders 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 dividend yield of 2.76%. The ex-dividend date is Monday, November 14th. Archer Daniels Midland’s dividend payout ratio is presently 45.45%.
A number of equities analysts have commented on ADM shares. Argus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $43.93 to $54.00 in a research report on Thursday, August 4th. 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 report on Monday, August 29th. Vetr raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 target price for the company in a research report on Tuesday, September 6th. Finally, JPMorgan Chase & Co. cut 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 report on Friday, November 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average 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 completion of the transaction, the insider now owns 177,265 shares in the company, valued at approximately $8,359,817.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the vice president now owns 36,880 shares of the company’s stock, valued at approximately $1,760,651.20. The disclosure for this sale can be found here. Insiders own 3.15% of the company’s stock.
Archer Daniels Midland Company Profile