Mitsubishi UFJ Trust & Banking Corp Has $49.34 Million Stake in Archer Daniels Midland Company (ADM)
Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Archer Daniels Midland Company (NYSE:ADM) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,160,710 shares of the company’s stock after selling 10,080 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.21% of Archer Daniels Midland worth $49,342,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ADM. Manchester Capital Management LLC raised its position in 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 purchasing an additional 600 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Archer Daniels Midland during the third quarter valued at approximately $202,000. Stratos Wealth Partners LTD. acquired a new position in Archer Daniels Midland during the third quarter valued at approximately $212,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Archer Daniels Midland during the third quarter worth $220,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Archer Daniels Midland during the third quarter worth $230,000. Institutional investors and hedge funds own 75.93% of the company’s stock.
ADM has been the topic of a number of research reports. Robert W. Baird reaffirmed a “buy” rating and set a $47.00 target price on shares of Archer Daniels Midland in a research note on Wednesday, November 1st. TheStreet cut shares of Archer Daniels Midland from a “b-” rating to a “c+” rating in a research note on Tuesday, October 31st. Piper Jaffray Companies set a $39.00 price objective on shares of Archer Daniels Midland and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, BidaskClub raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Archer Daniels Midland currently has a consensus rating of “Hold” and an average price target of $42.22.
Shares of Archer Daniels Midland Company (NYSE ADM) opened at $40.83 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 0.38. The company has a market cap of $22,834.18, a price-to-earnings ratio of 17.23 and a beta of 1.09. Archer Daniels Midland Company has a 1 year low of $38.59 and a 1 year high of $47.44.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.10). Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The company had revenue of $14.83 billion for the quarter, compared to analyst estimates of $16 billion. During the same quarter in the prior year, the company posted $0.59 EPS. Archer Daniels Midland’s revenue for the quarter was down 6.3% on a year-over-year basis. equities research analysts expect that Archer Daniels Midland Company will post 2.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.13%. Archer Daniels Midland’s dividend payout ratio is currently 59.81%.
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Archer Daniels Midland Company Profile
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