Arvest Bank Trust Division trimmed its position in shares of Archer Daniels Midland Co (NYSE:ADM) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,586 shares of the company’s stock after selling 1,103 shares during the quarter. Arvest Bank Trust Division owned approximately 0.05% of Archer Daniels Midland worth $11,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in Archer Daniels Midland in the 2nd quarter worth approximately $31,000. Cornerstone Advisors Inc. increased its position in Archer Daniels Midland by 48.9% in the 2nd quarter. Cornerstone Advisors Inc. now owns 917 shares of the company’s stock worth $37,000 after buying an additional 301 shares during the period. Hartford Financial Management Inc. increased its position in Archer Daniels Midland by 125.0% in the 2nd quarter. Hartford Financial Management Inc. now owns 900 shares of the company’s stock worth $37,000 after buying an additional 500 shares during the period. Coastal Capital Group Inc. bought a new position in Archer Daniels Midland in the 2nd quarter worth approximately $41,000. Finally, Westside Investment Management Inc. bought a new position in Archer Daniels Midland in the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 75.84% of the company’s stock.
ADM stock traded down $0.23 during trading on Friday, hitting $43.31. The company had a trading volume of 2,481,431 shares, compared to its average volume of 3,479,829. The company has a fifty day moving average price of $40.81 and a two-hundred day moving average price of $40.39. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The company has a market cap of $23.92 billion, a P/E ratio of 12.37 and a beta of 1.10. Archer Daniels Midland Co has a fifty-two week low of $36.45 and a fifty-two week high of $48.99.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.10. The business had revenue of $16.73 billion for the quarter, compared to analyst estimates of $16.18 billion. Archer Daniels Midland had a return on equity of 8.06% and a net margin of 1.85%. Archer Daniels Midland’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. On average, analysts expect that Archer Daniels Midland Co will post 2.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Wednesday, November 20th. Archer Daniels Midland’s dividend payout ratio is currently 40.00%.
ADM has been the topic of several recent research reports. Barclays reissued an “overweight” rating on shares of Archer Daniels Midland in a report on Thursday, October 24th. Buckingham Research decreased their price objective on Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Credit Suisse Group decreased their price objective on Archer Daniels Midland from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, October 17th. ValuEngine raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Finally, Stephens initiated coverage on Archer Daniels Midland in a report on Monday, October 7th. They set an “overweight” rating and a $50.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $48.38.
Archer Daniels Midland Profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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