Buckley Wealth Management LLC boosted its holdings in Archer Daniels Midland Co (NYSE:ADM) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,040 shares of the company’s stock after acquiring an additional 265 shares during the quarter. Buckley Wealth Management LLC’s holdings in Archer Daniels Midland were worth $618,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new stake in Archer Daniels Midland in the second quarter worth about $31,000. Hartford Financial Management Inc. raised its holdings in Archer Daniels Midland by 125.0% during the 2nd quarter. Hartford Financial Management Inc. now owns 900 shares of the company’s stock worth $37,000 after buying an additional 500 shares during the period. Cornerstone Advisors Inc. raised its holdings in Archer Daniels Midland by 48.9% during the 2nd quarter. Cornerstone Advisors Inc. now owns 917 shares of the company’s stock worth $37,000 after buying an additional 301 shares during the period. Coastal Capital Group Inc. acquired a new stake in Archer Daniels Midland during the 2nd quarter worth about $41,000. Finally, Advantage Investment Management LLC raised its holdings in Archer Daniels Midland by 1,524.2% during the 3rd quarter. Advantage Investment Management LLC now owns 1,072 shares of the company’s stock worth $44,000 after buying an additional 1,006 shares during the period. Hedge funds and other institutional investors own 76.08% of the company’s stock.
Several analysts have issued reports on the company. Stifel Nicolaus cut their price objective on Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Stephens assumed coverage on Archer Daniels Midland in a report on Monday. They set an “overweight” rating and a $50.00 price objective on the stock. Buckingham Research cut their price objective on Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Robert W. Baird set a $48.00 price objective on Archer Daniels Midland and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, ValuEngine upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Archer Daniels Midland currently has an average rating of “Buy” and a consensus price target of $49.75.
NYSE ADM traded up $0.69 on Friday, hitting $40.46. 198,214 shares of the company were exchanged, compared to its average volume of 2,970,674. The firm has a market capitalization of $22.46 billion, a P/E ratio of 11.56 and a beta of 1.07. Archer Daniels Midland Co has a twelve month low of $36.45 and a twelve month high of $50.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 0.89. The company’s 50 day moving average price is $39.59 and its 200-day moving average price is $40.63.
Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Thursday, August 1st. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The business had revenue of $16.30 billion during the quarter, compared to analyst estimates of $16.79 billion. Archer Daniels Midland had a net margin of 2.08% and a return on equity of 8.53%. Archer Daniels Midland’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 EPS. As a group, equities analysts expect that Archer Daniels Midland Co will post 2.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd were issued a $0.35 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.46%. Archer Daniels Midland’s dividend payout ratio is 40.00%.
Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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