Taylor Hoffman Wealth Management Has $235,000 Holdings in Archer Daniels Midland Co (NYSE:ADM)

Taylor Hoffman Wealth Management cut its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 10.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,732 shares of the company’s stock after selling 690 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in Archer Daniels Midland were worth $235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Deane Retirement Strategies Inc. raised its stake in shares of Archer Daniels Midland by 1.9% during the 2nd quarter. Deane Retirement Strategies Inc. now owns 34,083 shares of the company’s stock worth $1,391,000 after purchasing an additional 628 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Archer Daniels Midland by 3.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 65,485 shares of the company’s stock worth $2,672,000 after purchasing an additional 2,199 shares in the last quarter. Argus Investors Counsel Inc. raised its stake in shares of Archer Daniels Midland by 109.0% during the 2nd quarter. Argus Investors Counsel Inc. now owns 176,950 shares of the company’s stock worth $7,220,000 after purchasing an additional 92,275 shares in the last quarter. Chicago Capital LLC raised its stake in shares of Archer Daniels Midland by 7.2% during the 2nd quarter. Chicago Capital LLC now owns 6,937 shares of the company’s stock worth $283,000 after purchasing an additional 463 shares in the last quarter. Finally, Country Trust Bank raised its stake in shares of Archer Daniels Midland by 86.6% during the 2nd quarter. Country Trust Bank now owns 1,293 shares of the company’s stock worth $53,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Shares of ADM stock traded down $0.23 during trading on Friday, reaching $43.31. The company had a trading volume of 2,481,431 shares, compared to its average volume of 3,479,829. The firm’s 50 day simple moving average is $40.81 and its two-hundred day simple moving average is $40.39. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.60 and a quick ratio of 0.92. Archer Daniels Midland Co has a one year low of $36.45 and a one year high of $48.99. The company has a market capitalization of $23.92 billion, a PE ratio of 12.37 and a beta of 1.10.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. The business had revenue of $16.73 billion for the quarter, compared to the consensus estimate of $16.18 billion. Archer Daniels Midland had a return on equity of 8.06% and a net margin of 1.85%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. Analysts forecast that Archer Daniels Midland Co will post 2.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Wednesday, November 20th. Archer Daniels Midland’s dividend payout ratio is currently 40.00%.

ADM has been the subject of a number of recent research reports. ValuEngine raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. Robert W. Baird set a $48.00 price target on Archer Daniels Midland and gave the stock a “buy” rating in a research note on Monday, August 26th. Credit Suisse Group cut their price target on Archer Daniels Midland from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Argus raised their price objective on Archer Daniels Midland from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays reissued an “overweight” rating on shares of Archer Daniels Midland in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.38.

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.

See Also: Overbought

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.