Archer Daniels Midland Company (ADM) Holdings Lifted by Axa

Axa grew its position in Archer Daniels Midland Company (NYSE:ADM) by 3.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 123,600 shares of the company’s stock after buying an additional 3,600 shares during the period. Axa’s holdings in Archer Daniels Midland were worth $5,254,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Archer Daniels Midland by 6.0% in the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after acquiring an additional 2,359,196 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Archer Daniels Midland by 333.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,270,430 shares of the company’s stock worth $96,516,000 after acquiring an additional 1,746,628 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Archer Daniels Midland by 16.5% in the third quarter. Bank of New York Mellon Corp now owns 8,826,223 shares of the company’s stock worth $375,203,000 after acquiring an additional 1,246,972 shares during the period. Vanguard Group Inc. grew its stake in shares of Archer Daniels Midland by 2.3% in the second quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock worth $1,837,642,000 after acquiring an additional 1,011,097 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Archer Daniels Midland by 86.5% in the second quarter. Prudential Financial Inc. now owns 2,082,100 shares of the company’s stock worth $86,157,000 after acquiring an additional 965,900 shares during the period. 76.03% of the stock is owned by institutional investors and hedge funds.

Shares of Archer Daniels Midland Company (ADM) opened at $40.19 on Monday. The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 0.38. The stock has a market cap of $22,530.00, a P/E ratio of 18.87 and a beta of 1.09. Archer Daniels Midland Company has a 12-month low of $38.59 and a 12-month high of $47.44.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.10). The business had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $16 billion. Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. equities analysts predict that Archer Daniels Midland Company will post 2.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Thursday, November 16th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, November 15th. This represents a $1.28 annualized dividend and a yield of 3.18%. Archer Daniels Midland’s dividend payout ratio (DPR) is 60.09%.

A number of brokerages have recently commented on ADM. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Monness Crespi & Hardt began coverage on shares of Archer Daniels Midland in a research note on Tuesday, October 24th. They issued a “sell” rating and a $38.00 price target for the company. Citigroup lowered shares of Archer Daniels Midland from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $42.25 to $45.00 in a research note on Thursday, September 28th. Robert W. Baird initiated coverage on shares of Archer Daniels Midland in a research note on Monday, September 11th. They issued an “outperform” rating and a $50.00 price target for the company. Finally, Piper Jaffray Companies set a $42.00 target price on shares of Archer Daniels Midland and gave the company a “hold” rating in a research report on Sunday, October 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Archer Daniels Midland currently has an average rating of “Hold” and an average target price of $42.22.

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Archer Daniels Midland Company Profile

Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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