Afam Capital Inc. boosted its stake in Archer Daniels Midland Company (NYSE:ADM) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,946 shares of the company’s stock after acquiring an additional 1,537 shares during the period. Archer Daniels Midland accounts for 0.9% of Afam Capital Inc.’s portfolio, making the stock its 28th largest position. Afam Capital Inc.’s holdings in Archer Daniels Midland were worth $7,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. California Public Employees Retirement System raised its holdings in shares of Archer Daniels Midland by 4.5% during the third quarter. California Public Employees Retirement System now owns 1,708,301 shares of the company’s stock worth $72,620,000 after purchasing an additional 74,253 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Archer Daniels Midland by 10.6% during the third quarter. Janney Montgomery Scott LLC now owns 26,872 shares of the company’s stock worth $1,142,000 after purchasing an additional 2,586 shares during the period. Rocky Mountain Advisers LLC raised its holdings in shares of Archer Daniels Midland by 6,052.0% during the third quarter. Rocky Mountain Advisers LLC now owns 6,152 shares of the company’s stock worth $262,000 after purchasing an additional 6,052 shares during the period. Vident Investment Advisory LLC raised its holdings in shares of Archer Daniels Midland by 27.8% during the third quarter. Vident Investment Advisory LLC now owns 75,122 shares of the company’s stock worth $3,194,000 after purchasing an additional 16,323 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Archer Daniels Midland by 56.5% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 538,874 shares of the company’s stock worth $22,906,000 after purchasing an additional 194,635 shares during the period. 76.22% of the stock is currently owned by hedge funds and other institutional investors.

ADM has been the topic of a number of research reports. Piper Jaffray Companies set a $39.00 target price on shares of Archer Daniels Midland and gave the stock a “hold” rating in a report on Tuesday, October 31st. Monness Crespi & Hardt initiated coverage on shares of Archer Daniels Midland in a research report on Tuesday, October 24th. They set a “sell” rating and a $38.00 price target for the company. BidaskClub upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Robert W. Baird initiated coverage on shares of Archer Daniels Midland in a research report on Monday, September 11th. They set an “outperform” rating and a $50.00 price target for the company. Finally, Stifel Nicolaus set a $45.00 price target on shares of Archer Daniels Midland and gave the stock a “hold” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Archer Daniels Midland currently has a consensus rating of “Hold” and a consensus target price of $42.22.

Archer Daniels Midland Company (NYSE:ADM) opened at $41.90 on Tuesday. The company has a market cap of $23,214.48, a PE ratio of 17.51 and a beta of 1.09. The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 0.38. 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 released its quarterly earnings results on Tuesday, October 31st. The company reported $0.45 EPS for the quarter, missing the 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%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. research analysts expect that Archer Daniels Midland Company will post 2.35 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Thursday, November 16th were given a $0.32 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $1.28 dividend on an annualized basis and a yield of 3.05%. Archer Daniels Midland’s dividend payout ratio is presently 59.81%.

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About Archer Daniels Midland

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

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