Bbva Compass Bancshares Inc. purchased a new stake in shares of Archer Daniels Midland Co (NYSE:ADM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,766 shares of the company’s stock, valued at approximately $139,000.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in Archer Daniels Midland by 8.7% in the 2nd quarter. BlackRock Inc. now owns 45,957,560 shares of the company’s stock worth $2,106,235,000 after purchasing an additional 3,694,727 shares in the last quarter. Northern Trust Corp lifted its stake in Archer Daniels Midland by 13.1% in the 2nd quarter. Northern Trust Corp now owns 11,824,020 shares of the company’s stock worth $541,894,000 after purchasing an additional 1,369,242 shares in the last quarter. FMR LLC lifted its stake in Archer Daniels Midland by 252.0% in the 2nd quarter. FMR LLC now owns 1,126,191 shares of the company’s stock worth $51,613,000 after purchasing an additional 806,287 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Archer Daniels Midland by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,985,797 shares of the company’s stock worth $411,820,000 after purchasing an additional 683,457 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. lifted its stake in Archer Daniels Midland by 268.0% in the 3rd quarter. NN Investment Partners Holdings N.V. now owns 777,487 shares of the company’s stock worth $39,084,000 after purchasing an additional 566,200 shares in the last quarter. Institutional investors own 76.07% of the company’s stock.

Archer Daniels Midland stock opened at $48.26 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 1.67. The firm has a market cap of $27.08 billion, a PE ratio of 19.86 and a beta of 0.97. Archer Daniels Midland Co has a fifty-two week low of $38.59 and a fifty-two week high of $52.06.

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

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

ADM has been the topic of several recent analyst reports. Buckingham Research increased their target price on shares of Archer Daniels Midland from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Argus upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock 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 stock an “equal weight” rating in a research note on Friday, August 3rd. Cleveland Research reiterated a “hold” rating on shares of Archer Daniels Midland in a research note on Monday, October 1st. Finally, BMO Capital Markets increased their target price on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the stock 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 issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $49.67.

In other news, SVP Joseph D. Taets sold 3,847 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $51.01, for a total transaction of $196,235.47. Following the sale, the senior vice president now owns 171,366 shares in the company, valued at approximately $8,741,379.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ray G. Young acquired 2,100 shares of the stock in a transaction dated Wednesday, November 7th. The shares were bought at an average price of $47.35 per share, for a total transaction of $99,435.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 8,500 shares of company stock worth $436,038. Corporate insiders own 2.70% of the company’s stock.

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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. 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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