ETRADE Capital Management LLC Buys 2,444 Shares of Archer-Daniels-Midland Company (ADM)

ETRADE Capital Management LLC increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,482 shares of the company’s stock after buying an additional 2,444 shares during the period. ETRADE Capital Management LLC’s holdings in Archer-Daniels-Midland Company were worth $2,213,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Washington Trust Bank increased its position in Archer-Daniels-Midland Company by 0.6% in the third quarter. Washington Trust Bank now owns 3,091 shares of the company’s stock valued at $130,000 after buying an additional 17 shares in the last quarter. Peoples Bank OH increased its position in Archer-Daniels-Midland Company by 0.5% in the third quarter. Peoples Bank OH now owns 4,750 shares of the company’s stock valued at $200,000 after buying an additional 25 shares in the last quarter. Breton Hill Capital Ltd. increased its position in Archer-Daniels-Midland Company by 1.3% in the third quarter. Breton Hill Capital Ltd. now owns 5,153 shares of the company’s stock valued at $217,000 after buying an additional 67 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in Archer-Daniels-Midland Company by 1.0% in the third quarter. Johnson Investment Counsel Inc. now owns 10,631 shares of the company’s stock valued at $448,000 after buying an additional 101 shares in the last quarter. Finally, Tdam USA Inc. increased its position in Archer-Daniels-Midland Company by 0.6% in the third quarter. Tdam USA Inc. now owns 17,863 shares of the company’s stock valued at $753,000 after buying an additional 106 shares in the last quarter. Institutional investors own 73.05% of the company’s stock.

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

Shares of Archer-Daniels-Midland Company (NYSE:ADM) opened at 43.71 on Tuesday. The firm has a market cap of $25.48 billion, a price-to-earnings ratio of 20.24 and a beta of 0.90. The company’s 50-day moving average is $44.57 and its 200-day moving average is $43.95. Archer-Daniels-Midland Company has a 12 month low of $31.30 and a 12 month high of $47.88.

Archer-Daniels-Midland Company (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.03. Archer-Daniels-Midland Company had a return on equity of 7.19% and a net margin of 2.05%. The firm earned $16.50 billion during the quarter, compared to analyst estimates of $16.57 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Archer-Daniels-Midland Company’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post $2.85 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Tuesday, February 21st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.93%. This is a boost from Archer-Daniels-Midland Company’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, February 16th. Archer-Daniels-Midland Company’s payout ratio is presently 55.05%.

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A number of equities research analysts have recently commented on the stock. Vetr raised shares of Archer-Daniels-Midland Company from a “hold” rating to a “buy” rating and set a $46.73 target price for the company in a report on Monday, January 30th. Zacks Investment Research cut shares of Archer-Daniels-Midland Company from a “buy” rating to a “hold” rating in a report on Wednesday, January 25th. BMO Capital Markets cut shares of Archer-Daniels-Midland Company from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $51.00 to $48.00 in a report on Friday, January 6th. Stifel Nicolaus assumed coverage on shares of Archer-Daniels-Midland Company in a research report on Thursday, December 15th. They set a “hold” rating and a $46.00 target price on the stock. Finally, Piper Jaffray Companies assumed coverage on shares of Archer-Daniels-Midland Company in a research report on Wednesday, December 14th. They set a “neutral” rating and a $46.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Archer-Daniels-Midland Company currently has a consensus rating of “Hold” and an average target price of $46.16.

Archer-Daniels-Midland Company Company Profile

5 Day Chart for NYSE:ADM

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