Parallel Advisors LLC cut its position in Archer Daniels Midland Co (NYSE:ADM) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,726 shares of the company’s stock after selling 286 shares during the period. Parallel Advisors LLC’s holdings in Archer Daniels Midland were worth $70,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADM. Securian Asset Management Inc grew its position in shares of Archer Daniels Midland by 0.4% in the 4th quarter. Securian Asset Management Inc now owns 56,653 shares of the company’s stock valued at $2,321,000 after acquiring an additional 226 shares during the period. Atlas Capital Advisors LLC boosted its holdings in shares of Archer Daniels Midland by 17.3% during the 4th quarter. Atlas Capital Advisors LLC now owns 1,584 shares of the company’s stock worth $65,000 after buying an additional 234 shares during the period. Cordasco Financial Network boosted its holdings in shares of Archer Daniels Midland by 32.0% during the 4th quarter. Cordasco Financial Network now owns 1,056 shares of the company’s stock worth $43,000 after buying an additional 256 shares during the period. Deane Retirement Strategies Inc. boosted its holdings in shares of Archer Daniels Midland by 0.9% during the 4th quarter. Deane Retirement Strategies Inc. now owns 33,513 shares of the company’s stock worth $1,373,000 after buying an additional 291 shares during the period. Finally, Comerica Securities Inc. boosted its holdings in shares of Archer Daniels Midland by 5.1% during the 4th quarter. Comerica Securities Inc. now owns 6,212 shares of the company’s stock worth $255,000 after buying an additional 301 shares during the period. Institutional investors own 77.80% of the company’s stock.

ADM has been the subject of several research analyst reports. Stifel Nicolaus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $41.40 target price for the company in a report on Friday, February 8th. Zacks Investment Research downgraded shares of Archer Daniels Midland from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Credit Suisse Group set a $46.00 target price on shares of Archer Daniels Midland and gave the stock a “neutral” rating in a report on Wednesday, January 23rd. Finally, Argus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Thursday, November 8th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $49.74.

Shares of Archer Daniels Midland stock opened at $41.98 on Tuesday. Archer Daniels Midland Co has a twelve month low of $39.16 and a twelve month high of $52.06. The company has a quick ratio of 0.94, a current ratio of 87.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 11.99 and a beta of 0.98.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 5th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.04). The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $16.83 billion. Archer Daniels Midland had a return on equity of 10.51% and a net margin of 2.81%. Archer Daniels Midland’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. As a group, equities research analysts expect that Archer Daniels Midland Co will post 3.54 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 19th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 15th. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 3.33%. Archer Daniels Midland’s payout ratio is presently 38.29%.

In other news, Director Donald E. Felsinger bought 60,000 shares of the company’s stock in a transaction dated Thursday, February 7th. The stock was bought at an average cost of $41.80 per share, for a total transaction of $2,508,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.94% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: “Parallel Advisors LLC Has $70,000 Holdings in Archer Daniels Midland Co (ADM)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.watchlistnews.com/parallel-advisors-llc-has-70000-holdings-in-archer-daniels-midland-co-adm/2832658.html.

About Archer Daniels Midland

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

Featured Article: What is systematic risk?

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Co (NYSE:ADM).

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

Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.