Candriam S.C.A. Buys 19,129 Shares of Archer Daniels Midland Company $ADM

Candriam S.C.A. grew its stake in Archer Daniels Midland Company (NYSE:ADM) by 63.9% in the third quarter, HoldingsChannel.com reports. The fund owned 49,046 shares of the company’s stock after acquiring an additional 19,129 shares during the period. Candriam S.C.A.’s holdings in Archer Daniels Midland were worth $3,907,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ADM. Ethic Inc. increased its stake in Archer Daniels Midland by 1.3% in the third quarter. Ethic Inc. now owns 23,871 shares of the company’s stock valued at $1,895,000 after purchasing an additional 308 shares in the last quarter. 180 Wealth Advisors LLC raised its holdings in Archer Daniels Midland by 2.4% in the third quarter. 180 Wealth Advisors LLC now owns 16,797 shares of the company’s stock worth $1,333,000 after purchasing an additional 386 shares during the period. StoneX Group Inc. bought a new position in shares of Archer Daniels Midland during the third quarter worth $334,000. Pictet Asset Management Holding SA boosted its position in shares of Archer Daniels Midland by 113.6% during the third quarter. Pictet Asset Management Holding SA now owns 465,089 shares of the company’s stock worth $36,919,000 after purchasing an additional 247,362 shares in the last quarter. Finally, Alps Advisors Inc. grew its holdings in shares of Archer Daniels Midland by 5.5% in the 3rd quarter. Alps Advisors Inc. now owns 11,340 shares of the company’s stock valued at $900,000 after buying an additional 595 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $69.25 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 1.45. Archer Daniels Midland Company has a twelve month low of $56.02 and a twelve month high of $88.75. The firm’s 50 day moving average price is $80.62 and its two-hundred day moving average price is $76.57. The firm has a market cap of $32.96 billion, a P/E ratio of 13.46, a PEG ratio of 2.04 and a beta of 0.63.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the firm earned $0.92 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, analysts forecast that Archer Daniels Midland Company will post 5.69 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, November 18th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.08 dividend on an annualized basis and a yield of 3.0%. Archer Daniels Midland’s dividend payout ratio is presently 40.55%.

Wall Street Analyst Weigh In

ADM has been the subject of a number of recent analyst reports. Stephens lowered their price objective on shares of Archer Daniels Midland from $85.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 4th. Jefferies Financial Group lifted their target price on Archer Daniels Midland from $88.00 to $89.00 in a report on Monday, October 19th. Barclays boosted their target price on Archer Daniels Midland from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. BMO Capital Markets increased their price target on Archer Daniels Midland from $77.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen lowered Archer Daniels Midland from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Archer Daniels Midland has an average rating of “Hold” and an average target price of $80.25.

Insiders Place Their Bets

In other news, Director R II bought 2,800 shares of the stock in a transaction on Thursday, November 5th. The stock was purchased at an average price of $70.27 per share, for a total transaction of $196,756.00. Following the acquisition, the director owned 2,800 shares in the company, valued at approximately $196,756. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

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.