Archer Daniels Midland Company (ADM) Stake Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 0.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,393,838 shares of the company’s stock after selling 2,589 shares during the quarter. Dimensional Fund Advisors LP owned 0.96% of Archer Daniels Midland worth $229,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Manchester Capital Management LLC increased its stake in shares of Archer Daniels Midland by 28.3% during the 2nd quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock worth $112,000 after purchasing an additional 600 shares during the last quarter. Sun Life Financial INC acquired a new position in shares of Archer Daniels Midland during the 3rd quarter worth about $147,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Archer Daniels Midland during the 3rd quarter worth about $202,000. Stratos Wealth Partners LTD. acquired a new position in shares of Archer Daniels Midland during the 3rd quarter worth about $212,000. Finally, Honkamp Krueger Financial Services Inc. acquired a new position in shares of Archer Daniels Midland during the 3rd quarter worth about $220,000. 76.03% of the stock is currently owned by institutional investors and hedge funds.

ADM has been the topic of several recent analyst reports. Piper Jaffray Companies set a $39.00 price objective on shares of Archer Daniels Midland and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Monness Crespi & Hardt initiated coverage on shares of Archer Daniels Midland in a research note on Tuesday, October 24th. They issued a “sell” rating and a $38.00 price target on the stock. Robert W. Baird initiated coverage on shares of Archer Daniels Midland in a research note on Monday, September 11th. They issued an “outperform” rating and a $50.00 price target on the stock. Stifel Nicolaus set a $45.00 price target on shares of Archer Daniels Midland and gave the company a “hold” rating in a research note on Wednesday, November 1st. Finally, Citigroup lowered shares of Archer Daniels Midland from a “buy” rating to a “neutral” rating and upped their price target for the company from $42.25 to $45.00 in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $42.22.

Shares of Archer Daniels Midland Company (NYSE:ADM) traded up $0.01 during trading on Tuesday, hitting $40.09. 3,670,758 shares of the stock were exchanged, compared to its average volume of 3,078,800. Archer Daniels Midland Company has a 12 month low of $38.59 and a 12 month 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 company has a market cap of $22,420.00, a P/E ratio of 18.82 and a beta of 1.09.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly 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 the consensus estimate of $16 billion. Archer Daniels Midland had a return on equity of 7.86% and a net margin of 2.01%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. equities analysts predict that Archer Daniels Midland Company will post 2.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Thursday, November 16th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Wednesday, November 15th. Archer Daniels Midland’s payout ratio is 60.09%.

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Archer Daniels Midland Profile

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

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