Crossmark Global Holdings Inc. lowered its stake in Archer Daniels Midland Co (NYSE:ADM) by 3.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 63,200 shares of the company’s stock after selling 2,285 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Archer Daniels Midland were worth $2,596,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of ADM. Old North State Trust LLC boosted its stake in Archer Daniels Midland by 31.9% during the 3rd quarter. Old North State Trust LLC now owns 11,260 shares of the company’s stock valued at $462,000 after purchasing an additional 2,725 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Archer Daniels Midland by 63.8% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,956 shares of the company’s stock valued at $80,000 after purchasing an additional 762 shares during the last quarter. Ipswich Investment Management Co. Inc. purchased a new stake in Archer Daniels Midland during the 3rd quarter valued at $267,000. Weather Gauge Advisory LLC boosted its stake in Archer Daniels Midland by 4.9% during the 3rd quarter. Weather Gauge Advisory LLC now owns 12,408 shares of the company’s stock valued at $510,000 after purchasing an additional 585 shares during the last quarter. Finally, Advantage Investment Management LLC boosted its stake 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 valued at $44,000 after purchasing an additional 1,006 shares during the last quarter. Institutional investors own 76.08% of the company’s stock.
In other Archer Daniels Midland news, CEO Juan R. Luciano purchased 5,457 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $36.65 per share, for a total transaction of $199,999.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ray G. Young purchased 3,400 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $36.74 per share, with a total value of $124,916.00. The disclosure for this purchase can be found here. Corporate insiders own 1.11% of the company’s stock.
Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Thursday, August 1st. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). Archer Daniels Midland had a return on equity of 8.53% and a net margin of 2.08%. The company had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $16.79 billion. During the same period in the prior year, the business posted $1.02 earnings per share. Archer Daniels Midland’s revenue for the quarter was down 4.5% compared to the same quarter last year. Analysts predict that Archer Daniels Midland Co will post 2.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd were paid a $0.35 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.46%. Archer Daniels Midland’s payout ratio is presently 40.00%.
Several analysts have commented on the company. Buckingham Research cut their target price on Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. ValuEngine raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Stifel Nicolaus lowered their price target 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. Robert W. Baird set a $48.00 price target on Archer Daniels Midland and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Stephens started coverage on Archer Daniels Midland in a report on Monday, October 7th. They set an “overweight” rating and a $50.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $49.75.
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. 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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