Orleans Capital Management Corp LA trimmed its position in Archer Daniels Midland Company (NYSE:ADM) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,501 shares of the company’s stock after selling 3,270 shares during the period. Orleans Capital Management Corp LA’s holdings in Archer Daniels Midland were worth $1,849,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ADM. Manchester Capital Management LLC grew 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 worth $112,000 after acquiring an additional 600 shares during the last quarter. Sun Life Financial INC purchased a new stake in shares of Archer Daniels Midland in the third quarter worth $147,000. Fieldpoint Private Securities LLC purchased a new stake in shares of Archer Daniels Midland in the third quarter worth $188,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Archer Daniels Midland in the third quarter worth $202,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Archer Daniels Midland in the third quarter worth $212,000. 76.22% of the stock is currently owned by institutional investors.

Archer Daniels Midland Company (NYSE:ADM) opened at $40.05 on Thursday. The stock has a market capitalization of $23,359.88, a price-to-earnings ratio of 17.62 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 1-year low of $38.59 and a 1-year high of $47.44.

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 analysts’ consensus estimates of $0.55 by ($0.10). The business had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $16 billion. Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. analysts predict that Archer Daniels Midland Company will post 2.35 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Wednesday, November 15th. Archer Daniels Midland’s dividend payout ratio is 59.81%.

A number of equities research analysts have recently commented on ADM shares. BidaskClub raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Piper Jaffray Companies set a $42.00 price target on Archer Daniels Midland and gave the company a “hold” rating in a report on Friday, August 25th. Credit Suisse Group lowered their price target on Archer Daniels Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, August 31st. Robert W. Baird initiated coverage on Archer Daniels Midland in a report on Monday, September 11th. They set an “outperform” rating and a $50.00 price target on the stock. Finally, Citigroup downgraded Archer Daniels Midland from a “buy” rating to a “neutral” rating and upped their price target for the company from $42.25 to $45.00 in a report on Thursday, September 28th. One research 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. Archer Daniels Midland currently has an average rating of “Hold” and an average target price of $42.22.

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Archer Daniels Midland Profile

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

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