Symons Capital Management Inc. Has $3.32 Million Holdings in Archer Daniels Midland Co (NYSE:ADM)

Symons Capital Management Inc. lessened its position in Archer Daniels Midland Co (NYSE:ADM) by 9.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 80,720 shares of the company’s stock after selling 8,375 shares during the period. Symons Capital Management Inc.’s holdings in Archer Daniels Midland were worth $3,316,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in ADM. Deane Retirement Strategies Inc. boosted its position in shares of Archer Daniels Midland by 1.9% during the second quarter. Deane Retirement Strategies Inc. now owns 34,083 shares of the company’s stock valued at $1,391,000 after buying an additional 628 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Archer Daniels Midland by 3.5% during the second quarter. Crossmark Global Holdings Inc. now owns 65,485 shares of the company’s stock valued at $2,672,000 after buying an additional 2,199 shares during the last quarter. Argus Investors Counsel Inc. boosted its position in shares of Archer Daniels Midland by 109.0% during the second quarter. Argus Investors Counsel Inc. now owns 176,950 shares of the company’s stock valued at $7,220,000 after buying an additional 92,275 shares during the last quarter. Chicago Capital LLC boosted its position in shares of Archer Daniels Midland by 7.2% during the second quarter. Chicago Capital LLC now owns 6,937 shares of the company’s stock valued at $283,000 after buying an additional 463 shares during the last quarter. Finally, Country Trust Bank boosted its position in shares of Archer Daniels Midland by 86.6% during the second quarter. Country Trust Bank now owns 1,293 shares of the company’s stock valued at $53,000 after buying an additional 600 shares during the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

ADM stock traded down $0.23 during midday trading on Friday, hitting $43.31. The company’s stock had a trading volume of 2,481,431 shares, compared to its average volume of 3,479,829. The stock’s 50-day moving average price is $40.81 and its 200 day moving average price is $40.39. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.40. Archer Daniels Midland Co has a 1 year low of $36.45 and a 1 year high of $48.99. The stock has a market cap of $23.92 billion, a price-to-earnings ratio of 12.37 and a beta of 1.10.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Archer Daniels Midland had a return on equity of 8.06% and a net margin of 1.85%. The business had revenue of $16.73 billion for the quarter, compared to analysts’ expectations of $16.18 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that Archer Daniels Midland Co will post 2.57 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.40 annualized dividend and a yield of 3.23%. Archer Daniels Midland’s dividend payout ratio is currently 40.00%.

Several research analysts recently issued reports on ADM shares. Stephens started coverage on Archer Daniels Midland in a research report on Monday, October 7th. They set an “overweight” rating and a $50.00 target price on the stock. Robert W. Baird set a $48.00 target price on Archer Daniels Midland and gave the company a “buy” rating in a research report on Monday, August 26th. Buckingham Research cut their target price on Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. ValuEngine raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Credit Suisse Group cut their target price on Archer Daniels Midland from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $48.38.

Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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

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