Archer Daniels Midland Co (ADM) Holdings Reduced by Commerce Bank

Commerce Bank decreased its position in Archer Daniels Midland Co (NYSE:ADM) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,334 shares of the company’s stock after selling 3,338 shares during the period. Commerce Bank’s holdings in Archer Daniels Midland were worth $1,576,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADM. Wells Fargo & Company MN boosted its holdings in shares of Archer Daniels Midland by 3.6% in the third quarter. Wells Fargo & Company MN now owns 2,395,468 shares of the company’s stock valued at $120,420,000 after acquiring an additional 83,810 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Archer Daniels Midland by 6.8% during the third quarter. Daiwa Securities Group Inc. now owns 20,048 shares of the company’s stock valued at $1,008,000 after purchasing an additional 1,270 shares during the last quarter. Comerica Bank lifted its stake in Archer Daniels Midland by 4.2% during the third quarter. Comerica Bank now owns 156,529 shares of the company’s stock valued at $7,679,000 after purchasing an additional 6,325 shares during the last quarter. Chicago Equity Partners LLC lifted its stake in Archer Daniels Midland by 1,724.9% during the third quarter. Chicago Equity Partners LLC now owns 307,580 shares of the company’s stock valued at $15,462,000 after purchasing an additional 290,725 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in Archer Daniels Midland by 390.1% during the third quarter. Synovus Financial Corp now owns 11,797 shares of the company’s stock valued at $595,000 after purchasing an additional 9,390 shares during the last quarter. Hedge funds and other institutional investors own 76.07% of the company’s stock.

Shares of NYSE:ADM opened at $48.26 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 0.91. The company has a market capitalization of $27.08 billion, a P/E ratio of 14.04 and a beta of 0.97. Archer Daniels Midland Co has a 52 week low of $38.59 and a 52 week high of $52.06.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.09. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.72 billion. Archer Daniels Midland had a net margin of 3.54% and a return on equity of 10.45%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, research analysts expect that Archer Daniels Midland Co will post 3.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be given a $0.335 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $1.34 annualized dividend and a dividend yield of 2.78%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 55.14%.

ADM has been the subject of several recent research reports. Cleveland Research reissued a “hold” rating on shares of Archer Daniels Midland in a research note on Monday, October 1st. Stephens reissued an “overweight” rating on shares of Archer Daniels Midland in a research note on Thursday, August 16th. Argus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Thursday. Morgan Stanley increased their target price on shares of Archer Daniels Midland from $33.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, August 3rd. Finally, BMO Capital Markets increased their target price on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, August 1st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $49.67.

In related news, SVP Joseph D. Taets sold 3,847 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $51.01, for a total value of $196,235.47. Following the completion of the sale, the senior vice president now owns 171,366 shares in the company, valued at approximately $8,741,379.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John P. Stott sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $52.00, for a total transaction of $130,000.00. Following the completion of the sale, the vice president now owns 32,885 shares of the company’s stock, valued at approximately $1,710,020. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,500 shares of company stock valued at $436,038. 2.70% of the stock is owned by insiders.

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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. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

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

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