Sheaff Brock Investment Advisors LLC lowered its stake in Archer Daniels Midland Company (NYSE:ADM) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,710 shares of the company’s stock after selling 1,498 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Archer Daniels Midland were worth $1,433,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of ADM. BlackRock Inc. lifted its stake in shares of Archer Daniels Midland by 6.0% in the 2nd quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock valued at $1,721,723,000 after purchasing an additional 2,359,196 shares during the period. Canada Pension Plan Investment Board raised its stake in Archer Daniels Midland by 333.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,270,430 shares of the company’s stock worth $96,516,000 after buying an additional 1,746,628 shares during the period. Bank of New York Mellon Corp raised its stake in Archer Daniels Midland by 16.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,826,223 shares of the company’s stock worth $375,203,000 after buying an additional 1,246,972 shares during the period. Victory Capital Management Inc. raised its stake in Archer Daniels Midland by 23.1% during the 2nd quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock worth $266,817,000 after buying an additional 1,208,413 shares during the period. Finally, Vanguard Group Inc. raised its stake in Archer Daniels Midland by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock worth $1,837,642,000 after buying an additional 1,011,097 shares during the period. 75.94% of the stock is currently owned by institutional investors.
Several analysts recently commented on ADM shares. Credit Suisse Group dropped their price objective on Archer Daniels Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, August 31st. Citigroup downgraded Archer Daniels Midland from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $42.25 to $45.00 in a research note on Thursday, September 28th. Robert W. Baird started coverage on Archer Daniels Midland in a research note on Monday, September 11th. They set an “outperform” rating and a $50.00 price objective on the stock. Piper Jaffray Companies set a $42.00 price objective on Archer Daniels Midland and gave the stock a “hold” rating in a research note on Sunday, October 1st. Finally, Zacks Investment Research raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus target price of $42.22.
Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.10). The firm had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $16 billion. Archer Daniels Midland had a return on equity of 7.86% and a net margin of 2.01%. Archer Daniels Midland’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. equities analysts forecast that Archer Daniels Midland Company will post 2.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, November 15th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 59.81%.
COPYRIGHT VIOLATION WARNING: “Sheaff Brock Investment Advisors LLC Has $1.43 Million Stake in Archer Daniels Midland Company (ADM)” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.com-unik.info/2017/12/04/sheaff-brock-investment-advisors-llc-has-1-43-million-stake-in-archer-daniels-midland-company-adm.html.
Archer Daniels Midland Company Profile
Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADM).
What are top analysts saying about Archer Daniels Midland Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Archer Daniels Midland Company and related companies.