Webster Bank N. A. held its stake in shares of Archer Daniels Midland Co. (NYSE:ADM) during the third quarter, Holdings Channel reports. The institutional investor owned 46,379 shares of the company’s stock at the end of the third quarter. Webster Bank N. A.’s holdings in Archer Daniels Midland were worth $1,956,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Evercore Wealth Management LLC increased its stake in shares of Archer Daniels Midland by 6.2% in the second quarter. Evercore Wealth Management LLC now owns 2,581 shares of the company’s stock worth $111,000 after buying an additional 151 shares during the last quarter. Pinkerton Retirement Specialists LLC increased its stake in shares of Archer Daniels Midland by 9,300.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,726 shares of the company’s stock worth $117,000 after buying an additional 2,697 shares during the last quarter. Washington Trust Bank increased its stake in shares of Archer Daniels Midland by 0.6% in the third quarter. Washington Trust Bank now owns 3,091 shares of the company’s stock worth $130,000 after buying an additional 17 shares during the last quarter. Independent Portfolio Consultants Inc. increased its stake in shares of Archer Daniels Midland by 6.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,055 shares of the company’s stock worth $174,000 after buying an additional 250 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its stake in shares of Archer Daniels Midland by 118.5% in the second quarter. ClariVest Asset Management LLC now owns 4,116 shares of the company’s stock worth $177,000 after buying an additional 2,232 shares during the last quarter. 72.14% of the stock is owned by institutional investors.

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

Archer Daniels Midland Co. (NYSE:ADM) traded up 1.08% during trading on Wednesday, reaching $43.23. The company had a trading volume of 3,529,343 shares. Archer Daniels Midland Co. has a 52-week low of $29.86 and a 52-week high of $47.88. The company has a market capitalization of $24.87 billion, a PE ratio of 16.34 and a beta of 0.88. The company has a 50 day moving average price of $43.75 and a 200 day moving average price of $42.99.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.13. The firm earned $15.83 billion during the quarter, compared to analyst estimates of $16.23 billion. Archer Daniels Midland had a return on equity of 6.79% and a net margin of 2.53%. The company’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. On average, equities analysts forecast that Archer Daniels Midland Co. will post $2.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.78%. Archer Daniels Midland’s payout ratio is 45.45%.

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A number of equities research analysts have weighed in on the stock. Macquarie upped their price target on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, August 29th. Vetr raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 price objective for the company in a research note on Tuesday, September 6th. JPMorgan Chase & Co. lowered shares of Archer Daniels Midland from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $42.00 to $36.00 in a research note on Friday, November 11th. Finally, Argus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and upped their price objective for the company from $43.93 to $54.00 in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.29.

In related news, insider Ambrose Michael D sold 20,762 shares of Archer Daniels Midland stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $47.16, for a total value of $979,135.92. Following the completion of the sale, the insider now directly owns 177,265 shares in the company, valued at $8,359,817.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John P. Stott sold 2,418 shares of Archer Daniels Midland stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $47.74, for a total value of $115,435.32. Following the completion of the sale, the vice president now owns 36,880 shares of the company’s stock, valued at $1,760,651.20. The disclosure for this sale can be found here. 3.15% of the stock is owned by corporate insiders.

Archer Daniels Midland Company Profile

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