Pacer Advisors Inc. Buys 6,887 Shares of Archer Daniels Midland Company (ADM)

Pacer Advisors Inc. grew its stake in Archer Daniels Midland Company (NYSE:ADM) by 57.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,880 shares of the company’s stock after purchasing an additional 6,887 shares during the period. Pacer Advisors Inc.’s holdings in Archer Daniels Midland were worth $803,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Novare Capital Management LLC purchased a new position in shares of Archer Daniels Midland during the 3rd quarter valued at approximately $1,548,000. Bank Pictet & Cie Asia Ltd. lifted its position in shares of Archer Daniels Midland by 22.2% during the 3rd quarter. Bank Pictet & Cie Asia Ltd. now owns 11,000 shares of the company’s stock valued at $468,000 after buying an additional 2,000 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Archer Daniels Midland by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,076,561 shares of the company’s stock valued at $173,149,000 after buying an additional 113,452 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Archer Daniels Midland by 551.3% during the 3rd quarter. SG Americas Securities LLC now owns 213,467 shares of the company’s stock valued at $9,074,000 after buying an additional 180,692 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Archer Daniels Midland by 6.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 43,342 shares of the company’s stock valued at $1,842,000 after buying an additional 2,634 shares in the last quarter. Institutional investors and hedge funds own 73.51% of the company’s stock.

Archer Daniels Midland Company (ADM) opened at $39.14 on Monday. Archer Daniels Midland Company has a 52 week low of $38.59 and a 52 week high of $47.44. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $21,890.00, a price-to-earnings ratio of 16.51 and a beta of 1.10.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data 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). Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The firm had revenue of $14.83 billion during the quarter, compared to analyst estimates of $16 billion. During the same period in the prior year, the company posted $0.59 earnings per share. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. equities analysts predict that Archer Daniels Midland Company will post 2.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.27%. The ex-dividend date is Wednesday, November 15th. Archer Daniels Midland’s dividend payout ratio is currently 60.09%.

A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Citigroup Inc. lowered Archer Daniels Midland from a “buy” rating to a “neutral” rating and increased their target price for the company from $42.25 to $45.00 in a research report on Thursday, September 28th. BidaskClub raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Piper Jaffray Companies set a $42.00 price objective on Archer Daniels Midland and gave the company a “hold” rating in a research note on Sunday, October 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective (up from $40.00) on shares of Archer Daniels Midland in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.22.

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Archer Daniels Midland Profile

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

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