Parametric Portfolio Associates LLC boosted its holdings in shares of Archer Daniels Midland Company (NYSE:ADM) by 18.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,748,837 shares of the company’s stock after purchasing an additional 277,716 shares during the period. Parametric Portfolio Associates LLC owned about 0.31% of Archer Daniels Midland worth $74,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Good Life Advisors LLC raised its position in shares of Archer Daniels Midland by 1.0% in the second quarter. Good Life Advisors LLC now owns 9,323 shares of the company’s stock worth $378,000 after acquiring an additional 90 shares during the period. Financial Counselors Inc. raised its position in shares of Archer Daniels Midland by 1.4% in the second quarter. Financial Counselors Inc. now owns 10,418 shares of the company’s stock worth $431,000 after acquiring an additional 144 shares during the period. Comerica Securities Inc. raised its position in shares of Archer Daniels Midland by 0.9% in the second quarter. Comerica Securities Inc. now owns 25,119 shares of the company’s stock worth $1,039,000 after acquiring an additional 218 shares during the period. KCM Investment Advisors LLC raised its position in shares of Archer Daniels Midland by 1.9% in the second quarter. KCM Investment Advisors LLC now owns 20,192 shares of the company’s stock worth $836,000 after acquiring an additional 373 shares during the period. Finally, Investment Centers of America Inc. raised its position in shares of Archer Daniels Midland by 3.3% in the second quarter. Investment Centers of America Inc. now owns 15,473 shares of the company’s stock worth $638,000 after acquiring an additional 489 shares during the period. Institutional investors own 76.22% of the company’s stock.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Monness Crespi & Hardt began coverage on shares of Archer Daniels Midland in a research report on Tuesday, October 24th. They set a “sell” rating and a $38.00 price target for the company. Citigroup downgraded shares of Archer Daniels Midland from a “buy” rating to a “neutral” rating and upped their price target for the stock from $42.25 to $45.00 in a research report on Thursday, September 28th. Robert W. Baird began coverage on shares of Archer Daniels Midland in a research report on Monday, September 11th. They set an “outperform” rating and a $50.00 price target for the company. Finally, Piper Jaffray Companies set a $42.00 price target on shares of Archer Daniels Midland and gave the stock a “hold” rating in a research report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Archer Daniels Midland has an average rating of “Hold” and an average target price of $42.22.

Archer Daniels Midland Company (NYSE:ADM) opened at $40.56 on Monday. Archer Daniels Midland Company has a 1 year low of $38.59 and a 1 year high of $47.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 1.61. The firm has a market cap of $22,683.18, a PE ratio of 17.11 and a beta of 1.09.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results 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 return on equity of 7.86% and a net margin of 2.01%. The company had revenue of $14.83 billion for the quarter, compared to analyst estimates of $16 billion. During the same quarter last year, the company earned $0.59 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. analysts forecast that Archer Daniels Midland Company will post 2.34 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Thursday, November 16th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.16%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 59.81%.

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About Archer Daniels Midland

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

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