UBS Asset Management Americas Inc. decreased its stake in Archer Daniels Midland Co. (NYSE:ADM) by 5.7% during the third quarter, Holdings Channel reports. The fund owned 2,303,860 shares of the company’s stock after selling 138,802 shares during the period. UBS Asset Management Americas Inc.’s holdings in Archer Daniels Midland were worth $97,153,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ADM. Homrich & Berg increased its position in Archer Daniels Midland by 18.9% in the third quarter. Homrich & Berg now owns 11,423 shares of the company’s stock valued at $482,000 after buying an additional 1,818 shares during the last quarter. IndexIQ Advisors LLC increased its position in Archer Daniels Midland by 67.3% in the third quarter. IndexIQ Advisors LLC now owns 74,025 shares of the company’s stock valued at $3,122,000 after buying an additional 29,767 shares during the last quarter. M&T Bank Corp increased its position in Archer Daniels Midland by 0.9% in the third quarter. M&T Bank Corp now owns 62,990 shares of the company’s stock valued at $2,656,000 after buying an additional 586 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Archer Daniels Midland by 6.5% in the third quarter. PNC Financial Services Group Inc. now owns 282,608 shares of the company’s stock valued at $11,918,000 after buying an additional 17,335 shares during the last quarter. Finally, TNB Financial acquired a new position in Archer Daniels Midland during the third quarter valued at $208,000. Hedge funds and other institutional investors own 72.14% of the company’s stock.

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

Archer Daniels Midland Co. (NYSE:ADM) opened at 43.11 on Tuesday. The firm’s 50-day moving average is $43.74 and its 200-day moving average is $42.95. The company has a market cap of $24.81 billion, a price-to-earnings ratio of 16.29 and a beta of 0.88. Archer Daniels Midland Co. has a 12 month low of $29.86 and a 12 month high of $47.88.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, November 1st. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.13. Archer Daniels Midland had a net margin of 2.53% and a return on equity of 6.79%. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $16.23 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The company’s quarterly revenue was down 4.4% on a year-over-year basis. On average, analysts anticipate that Archer Daniels Midland Co. will post $2.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Monday, November 14th. Archer Daniels Midland’s payout ratio is 45.45%.

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Several research analysts have weighed in on the stock. Vetr downgraded shares of Archer Daniels Midland from a “buy” rating to a “hold” rating and set a $40.88 price objective on the stock. in a report on Monday, November 14th. JPMorgan Chase & Co. downgraded shares of Archer Daniels Midland from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $42.00 to $36.00 in a report on Friday, November 11th. Macquarie upped their price objective on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, August 29th. Finally, Argus upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and increased their target price for the company from $43.93 to $54.00 in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $44.29.

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

Archer Daniels Midland Company Profile

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