Polaris Greystone Financial Group LLC raised its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 396,809 shares of the company’s stock after buying an additional 3,783 shares during the quarter. Polaris Greystone Financial Group LLC owned about 0.07% of Archer-Daniels-Midland worth $16,868,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Archer-Daniels-Midland by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock worth $1,837,642,000 after buying an additional 1,011,097 shares during the period. BlackRock Inc. grew its position in shares of 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 period. Victory Capital Management Inc. grew its position in shares of Archer-Daniels-Midland by 14.2% during the 3rd quarter. Victory Capital Management Inc. now owns 7,364,262 shares of the company’s stock worth $313,054,000 after buying an additional 916,285 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Archer-Daniels-Midland by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,396,427 shares of the company’s stock valued at $223,276,000 after purchasing an additional 24,589 shares during the period. Finally, Prudential PLC grew its position in shares of Archer-Daniels-Midland by 5.3% in the 2nd quarter. Prudential PLC now owns 4,418,900 shares of the company’s stock valued at $182,854,000 after purchasing an additional 222,900 shares during the period. Institutional investors own 73.50% of the company’s stock.

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Archer-Daniels-Midland Company (NYSE ADM) traded down $0.14 during midday trading on Monday, reaching $39.64. The company’s stock had a trading volume of 290,799 shares, compared to its average volume of 3,002,813. The company has a market cap of $22,246.98, a PE ratio of 16.78 and a beta of 1.11. 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 Company has a 12-month low of $39.65 and a 12-month high of $47.88.

Archer-Daniels-Midland (NYSE:ADM) last released 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 firm had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $16 billion. Archer-Daniels-Midland had a net margin of 2.01% and a return on equity of 7.86%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. sell-side analysts forecast that Archer-Daniels-Midland Company will post 2.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Wednesday, November 15th. Archer-Daniels-Midland’s payout ratio is 59.81%.

Several brokerages recently issued reports on ADM. Piper Jaffray Companies set a $42.00 price objective 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. Credit Suisse Group set a $45.00 price objective on Archer-Daniels-Midland and gave the company a “hold” rating in a research report on Tuesday, July 18th. TheStreet lowered Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Tuesday, October 31st. Finally, BMO Capital Markets decreased their price objective on Archer-Daniels-Midland from $41.00 to $36.00 and set a “market perform” rating for the company in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $41.53.

Archer-Daniels-Midland Company Profile

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

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