Municipal Employees Retirement System of Michigan lessened its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 13.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,930 shares of the company’s stock after selling 4,130 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Archer-Daniels-Midland were worth $1,103,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB lifted its holdings in Archer-Daniels-Midland by 1.7% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 87,103 shares of the company’s stock worth $3,703,000 after buying an additional 1,423 shares during the last quarter. BlackRock Inc. lifted its holdings in Archer-Daniels-Midland by 6.0% during the 2nd quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after buying an additional 2,359,196 shares during the last quarter. Renaissance Group LLC lifted its holdings in Archer-Daniels-Midland by 14.4% during the 2nd quarter. Renaissance Group LLC now owns 52,731 shares of the company’s stock worth $2,182,000 after buying an additional 6,618 shares during the last quarter. Homrich & Berg lifted its holdings in Archer-Daniels-Midland by 11.7% during the 2nd quarter. Homrich & Berg now owns 16,299 shares of the company’s stock worth $674,000 after buying an additional 1,709 shares during the last quarter. Finally, Federated Investors Inc. PA raised its position in shares of Archer-Daniels-Midland by 526.7% during the 2nd quarter. Federated Investors Inc. PA now owns 109,145 shares of the company’s stock worth $4,517,000 after purchasing an additional 91,729 shares during the period. 73.51% of the stock is currently owned by institutional investors.
Shares of Archer-Daniels-Midland Company (ADM) opened at $39.34 on Wednesday. The company has a market capitalization of $21,922.61, a price-to-earnings ratio of 16.54 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 0.38. Archer-Daniels-Midland Company has a 12-month low of $38.59 and a 12-month high of $47.44.
Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, October 31st. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.10). The business had revenue of $14.83 billion during the quarter, compared to analyst estimates of $16 billion. Archer-Daniels-Midland had a return on equity of 7.86% and a net margin of 2.01%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. research analysts expect that Archer-Daniels-Midland Company will post 2.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th will be given a $0.32 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.25%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 59.81%.
Several research firms recently commented on ADM. Piper Jaffray Companies set a $42.00 target price on Archer-Daniels-Midland and gave the company a “hold” rating in a research report on Friday, August 25th. BidaskClub upgraded Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. TheStreet cut Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Tuesday, October 31st. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $41.00 to $36.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 1st. Finally, Monness Crespi & Hardt lowered their price target on Archer-Daniels-Midland from $38.00 to $37.00 and set a “sell” rating on the stock in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $42.22.
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