C M Bidwell & Associates Ltd. boosted its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 51.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,255 shares of the company’s stock after buying an additional 6,580 shares during the period. Archer Daniels Midland makes up about 0.9% of C M Bidwell & Associates Ltd.’s portfolio, making the stock its 23rd largest position. C M Bidwell & Associates Ltd.’s holdings in Archer Daniels Midland were worth $968,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NEXT Financial Group Inc bought a new position in Archer Daniels Midland during the third quarter valued at about $109,000. MUFG Americas Holdings Corp grew its position in Archer Daniels Midland by 408.7% during the second quarter. MUFG Americas Holdings Corp now owns 2,676 shares of the company’s stock valued at $123,000 after buying an additional 2,150 shares during the period. Schroder Investment Management Group bought a new position in Archer Daniels Midland during the third quarter valued at about $126,000. Global Trust Asset Management LLC bought a new position in Archer Daniels Midland during the third quarter valued at about $131,000. Finally, Bbva Compass Bancshares Inc. bought a new position in Archer Daniels Midland during the third quarter valued at about $139,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.
Several equities analysts recently weighed in on the stock. Stephens restated an “overweight” rating on shares of Archer Daniels Midland in a research report on Thursday, August 16th. Cleveland Research restated a “hold” rating on shares of Archer Daniels Midland in a research report on Monday, October 1st. Finally, Argus upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Thursday, November 8th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $49.67.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.72 billion. Archer Daniels Midland had a net margin of 3.54% and a return on equity of 10.45%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. On average, analysts anticipate that Archer Daniels Midland Co will post 3.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Wednesday, November 21st. Archer Daniels Midland’s dividend payout ratio is currently 55.14%.
In related news, VP John P. Stott sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $52.00, for a total value of $130,000.00. Following the sale, the vice president now directly owns 32,885 shares of the company’s stock, valued at $1,710,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ray G. Young bought 2,100 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was bought at an average cost of $47.35 per share, for a total transaction of $99,435.00. The disclosure for this purchase can be found here. Company insiders own 0.94% of the company’s stock.
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About Archer Daniels Midland
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.
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