Calamos Advisors LLC raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,060 shares of the company’s stock after buying an additional 2,383 shares during the period. Calamos Advisors LLC’s holdings in Archer-Daniels-Midland were worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ADM. Enterprise Financial Services Corp lifted its stake in shares of Archer-Daniels-Midland by 17.7% in the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock valued at $105,000 after buying an additional 380 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Archer-Daniels-Midland by 28.3% in the second quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock valued at $112,000 after buying an additional 600 shares in the last quarter. Carroll Financial Associates Inc. lifted its stake in shares of Archer-Daniels-Midland by 24.7% in the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock valued at $159,000 after buying an additional 764 shares in the last quarter. V Wealth Management LLC lifted its stake in shares of Archer-Daniels-Midland by 0.5% in the second quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock valued at $184,000 after buying an additional 22 shares in the last quarter. Finally, Exane Derivatives lifted its stake in shares of Archer-Daniels-Midland by 575.0% in the second quarter. Exane Derivatives now owns 4,509 shares of the company’s stock valued at $187,000 after buying an additional 3,841 shares in the last quarter. 72.57% of the stock is currently owned by hedge funds and other institutional investors.

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Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly 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 during 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 business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 EPS.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, November 15th. Archer-Daniels-Midland’s payout ratio is 59.81%.

A number of research firms have weighed in on ADM. TheStreet lowered shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Tuesday. Robert W. Baird reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Archer-Daniels-Midland in a research note on Wednesday. BMO Capital Markets dropped their price objective on shares of Archer-Daniels-Midland from $41.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday. Monness Crespi & Hardt dropped their price objective on shares of Archer-Daniels-Midland from $38.00 to $37.00 and set a “sell” rating on the stock in a research note on Wednesday. Finally, Piper Jaffray Companies set a $39.00 price objective on shares of Archer-Daniels-Midland and gave the company a “hold” rating in a research note on Tuesday. Two equities research analysts have 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 price target of $41.53.

Archer-Daniels-Midland Profile

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

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