Raymond James Financial Services Advisors Inc. lowered its stake in Archer Daniels Midland Company (NYSE:ADM) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,543 shares of the company’s stock after selling 1,734 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Archer Daniels Midland were worth $2,956,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Archer Daniels Midland by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock worth $1,837,642,000 after purchasing an additional 1,011,097 shares in the last quarter. BlackRock Inc. grew its position in Archer Daniels Midland by 6.0% during the 2nd quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after purchasing an additional 2,359,196 shares in the last quarter. Victory Capital Management Inc. grew its position in Archer Daniels Midland by 23.1% during the 2nd quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock worth $266,817,000 after purchasing an additional 1,208,413 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Archer Daniels Midland by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,396,427 shares of the company’s stock worth $223,276,000 after purchasing an additional 24,589 shares in the last quarter. Finally, Prudential PLC grew its position in Archer Daniels Midland by 5.3% during the 2nd quarter. Prudential PLC now owns 4,418,900 shares of the company’s stock worth $182,854,000 after purchasing an additional 222,900 shares in the last quarter. 73.51% of the stock is currently owned by institutional investors.

ADM has been the topic of several research analyst reports. Robert W. Baird reiterated a “buy” rating and set a $47.00 price objective on shares of Archer Daniels Midland in a research report on Wednesday, November 1st. TheStreet cut shares of Archer Daniels Midland from a “b-” rating to a “c+” rating in a report on Tuesday, October 31st. 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. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, BidaskClub upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. One equities research 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 stock currently has an average rating of “Hold” and an average price target of $42.22.

Archer Daniels Midland Company (NYSE ADM) opened at $39.14 on Friday. The firm has a market cap of $21,944.98, a price-to-earnings ratio of 16.56 and a beta of 1.11. 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 52-week low of $38.59 and a 52-week high of $47.44.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.10). The firm had revenue of $14.83 billion for the quarter, compared to analyst estimates of $16 billion. Archer Daniels Midland had a return on equity of 7.86% and a net margin of 2.01%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. equities analysts expect that Archer Daniels Midland Company will post 2.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Wednesday, November 15th. Archer Daniels Midland’s dividend payout ratio is 59.81%.

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Archer Daniels Midland Company Profile

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

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