Archer Daniels Midland Company $ADM Shares Newly Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in shares of Archer Daniels Midland Company (NYSE:ADM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,765 shares of the company’s stock, valued at approximately $1,013,000.

Several other hedge funds have also made changes to their positions in ADM. Triumph Capital Management grew its holdings in shares of Archer Daniels Midland by 62.2% in the third quarter. Triumph Capital Management now owns 313 shares of the company’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. William Mack & Associates Inc. purchased a new stake in Archer Daniels Midland during the 3rd quarter worth approximately $25,000. Kelleher Financial Advisors acquired a new stake in Archer Daniels Midland during the 2nd quarter worth approximately $25,000. Latitude Advisors LLC acquired a new stake in Archer Daniels Midland during the 3rd quarter worth approximately $28,000. Finally, Orion Capital Management LLC purchased a new position in Archer Daniels Midland in the 2nd quarter valued at approximately $27,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of several research reports. Morgan Stanley upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Weiss Ratings cut Archer Daniels Midland from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 28th. William Blair started coverage on Archer Daniels Midland in a research note on Tuesday, September 15th. They issued a “buy” rating on the stock. Zacks Research lowered Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Stephens lowered their target price on Archer Daniels Midland from $85.00 to $75.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus price target of $80.25.

Archer Daniels Midland Stock Up 0.1%

Shares of NYSE:ADM opened at $70.05 on Monday. The firm’s 50 day moving average price is $81.09 and its 200 day moving average price is $76.55. The stock has a market cap of $33.34 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 2.04 and a beta of 0.63. Archer Daniels Midland Company has a fifty-two week low of $55.58 and a fifty-two week high of $88.75. The company has a quick ratio of 0.88, a current ratio of 1.45 and a debt-to-equity ratio of 0.31.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.17. Archer Daniels Midland had a net margin of 2.95% and a return on equity of 10.84%. The company had revenue of $22.34 billion during the quarter, compared to the consensus estimate of $23.27 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts predict that Archer Daniels Midland Company will post 5.72 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Archer Daniels Midland’s payout ratio is 40.55%.

Archer Daniels Midland Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural supply chain and food ingredient company. It sources, transports, stores and processes crops, connecting farmers with food, feed, fuel and industrial markets.

ADM processes commodities such as corn, oilseeds and wheat into products including vegetable oils, protein meals, flour, starches, sweeteners and other food ingredients. Its businesses also supply ingredients and solutions for human and animal nutrition, as well as products used in biofuels and other industrial applications.

Founded in 1902, the company has grown from a linseed-processing business into an international enterprise serving customers across a wide range of markets and geographies.