Principal Financial Group Inc. decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 802,440 shares of the company’s stock after selling 49,263 shares during the period. Principal Financial Group Inc. owned about 0.14% of Archer-Daniels-Midland worth $34,112,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ADM. Eqis Capital Management Inc. lifted its stake in Archer-Daniels-Midland by 86.3% during the 2nd quarter. Eqis Capital Management Inc. now owns 11,276 shares of the company’s stock worth $467,000 after acquiring an additional 5,222 shares in the last quarter. OLD National Bancorp IN acquired a new position in Archer-Daniels-Midland during the 2nd quarter worth about $208,000. Louisiana State Employees Retirement System lifted its stake in Archer-Daniels-Midland by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 35,400 shares of the company’s stock worth $1,465,000 after acquiring an additional 300 shares in the last quarter. Butensky & Cohen Financial Security Inc. lifted its stake in Archer-Daniels-Midland by 3.5% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 40,990 shares of the company’s stock worth $1,696,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Oakbrook Investments LLC acquired a new position in Archer-Daniels-Midland during the 2nd quarter worth about $1,142,000. 73.34% of the stock is currently owned by hedge funds and other institutional investors.
ADM has been the topic of several research reports. Piper Jaffray Companies set a $39.00 target price on Archer-Daniels-Midland and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Monness Crespi & Hardt initiated coverage on Archer-Daniels-Midland in a research report on Tuesday, October 24th. They issued a “sell” rating and a $38.00 price target on the stock. BidaskClub raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Robert W. Baird initiated coverage on Archer-Daniels-Midland in a research report on Monday, September 11th. They issued an “outperform” rating and a $50.00 price target on the stock. Finally, Zacks Investment Research raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Archer-Daniels-Midland has an average rating of “Hold” and a consensus target price of $42.22.
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Archer-Daniels-Midland Company (ADM) opened at $39.42 on Friday. Archer-Daniels-Midland Company has a 1-year low of $38.59 and a 1-year high of $47.44. The company has a market capitalization of $21,920.00, a PE ratio of 16.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.61 and a quick ratio of 0.91.
Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). Archer-Daniels-Midland had a net margin of 2.01% and a return on equity of 7.86%. The business had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $16 billion. During the same quarter in the previous year, the company posted $0.59 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. sell-side analysts forecast that Archer-Daniels-Midland Company will post 2.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.25%. Archer-Daniels-Midland’s payout ratio is currently 60.09%.
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