Jefferies Group LLC lifted its position in Archer Daniels Midland Co (NYSE:ADM) by 101.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 110,198 shares of the company’s stock after buying an additional 55,438 shares during the period. Jefferies Group LLC’s holdings in Archer Daniels Midland were worth $5,540,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Archer Daniels Midland by 8.7% in the second quarter. BlackRock Inc. now owns 45,957,560 shares of the company’s stock worth $2,106,235,000 after buying an additional 3,694,727 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Archer Daniels Midland by 13.1% in the second quarter. Northern Trust Corp now owns 11,824,020 shares of the company’s stock worth $541,894,000 after buying an additional 1,369,242 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Archer Daniels Midland by 8.2% in the second quarter. Bank of New York Mellon Corp now owns 8,985,797 shares of the company’s stock worth $411,820,000 after buying an additional 683,457 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Archer Daniels Midland by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 4,136,661 shares of the company’s stock worth $207,913,000 after buying an additional 46,897 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Archer Daniels Midland by 6.5% in the third quarter. Prudential Financial Inc. now owns 3,716,228 shares of the company’s stock worth $186,815,000 after buying an additional 226,420 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.
In other Archer Daniels Midland news, 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 directly owns 32,885 shares of the company’s stock, valued at $1,710,020. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ray G. Young bought 2,100 shares of Archer Daniels Midland stock in a transaction on Wednesday, November 7th. The shares were acquired at an average cost of $47.35 per share, with a total value of $99,435.00. The disclosure for this purchase can be found here. 2.70% of the stock is currently owned by corporate insiders.
Several brokerages have recently issued reports on ADM. Stephens reiterated an “overweight” rating on shares of Archer Daniels Midland in a research note on Thursday, August 16th. Argus upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Thursday, November 8th. Finally, Cleveland Research restated a “hold” rating on shares of Archer Daniels Midland in a research report on Monday, October 1st. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $49.67.
Shares of Archer Daniels Midland stock opened at $44.46 on Friday. The company has a market cap of $25.53 billion, a P/E ratio of 18.30 and a beta of 0.98. Archer Daniels Midland Co has a twelve month low of $39.28 and a twelve month high of $52.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.67.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.09. The company had revenue of $15.80 billion for 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 revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, research analysts anticipate that Archer Daniels Midland Co will post 3.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 23rd will be issued a dividend of $0.335 per share. The ex-dividend date is Wednesday, November 21st. This represents a $1.34 dividend on an annualized basis and a yield of 3.01%. Archer Daniels Midland’s dividend payout ratio is currently 55.14%.
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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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