Fieldpoint Private Securities LLC acquired a new position in Archer Daniels Midland Company (NYSE:ADM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,421 shares of the company’s stock, valued at approximately $188,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Manchester Capital Management LLC grew its holdings in shares of Archer Daniels Midland by 28.3% during 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 during the last quarter. Sun Life Financial INC purchased a new stake in shares of Archer Daniels Midland during the third quarter valued at approximately $147,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Archer Daniels Midland during the third quarter valued at approximately $202,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Archer Daniels Midland during the third quarter valued at approximately $212,000. Finally, Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Archer Daniels Midland during the third quarter valued at approximately $220,000. Institutional investors and hedge funds own 76.22% of the company’s stock.

Shares of Archer Daniels Midland Company (ADM) opened at $39.57 on Friday. Archer Daniels Midland Company has a fifty-two week low of $38.59 and a fifty-two week high of $47.44. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.61 and a quick ratio of 0.91. The stock has a market cap of $22,397.97, a P/E ratio of 16.90 and a beta of 1.09.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.10). Archer Daniels Midland had a return on equity of 7.86% and a net margin of 2.01%. The company had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $16 billion. During the same quarter in the prior year, the business posted $0.59 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. 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 issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Wednesday, November 15th. Archer Daniels Midland’s dividend payout ratio is currently 59.81%.

A number of equities research analysts have recently commented on the stock. TheStreet cut shares of Archer Daniels Midland from a “b-” rating to a “c+” rating in a report on Tuesday, October 31st. Robert W. Baird reiterated a “buy” rating and set a $47.00 price target on shares of Archer Daniels Midland in a report on Wednesday, November 1st. BMO Capital Markets cut their price target on shares of Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, November 1st. Monness Crespi & Hardt cut their price target on shares of Archer Daniels Midland from $38.00 to $37.00 and set a “sell” rating on the stock in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $39.00 price target on shares of Archer Daniels Midland and gave the company a “hold” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $42.22.

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Archer Daniels Midland Profile

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

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