Nelson Van Denburg & Campbell Wealth Management Group LLC Buys 762 Shares of Archer Daniels Midland Co (NYSE:ADM)

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Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Archer Daniels Midland Co (NYSE:ADM) by 63.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,956 shares of the company’s stock after buying an additional 762 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Archer Daniels Midland were worth $80,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ADM. Macquarie Group Ltd. increased its stake in shares of Archer Daniels Midland by 7.0% during the second quarter. Macquarie Group Ltd. now owns 17,540,310 shares of the company’s stock valued at $715,644,000 after purchasing an additional 1,150,528 shares in the last quarter. Northern Trust Corp increased its stake in shares of Archer Daniels Midland by 2.5% during the second quarter. Northern Trust Corp now owns 12,482,054 shares of the company’s stock valued at $509,269,000 after purchasing an additional 299,959 shares in the last quarter. Invesco Ltd. increased its stake in shares of Archer Daniels Midland by 18.3% during the second quarter. Invesco Ltd. now owns 9,786,015 shares of the company’s stock valued at $399,269,000 after purchasing an additional 1,514,686 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Archer Daniels Midland by 19.3% during the second quarter. Victory Capital Management Inc. now owns 8,848,747 shares of the company’s stock valued at $361,029,000 after purchasing an additional 1,429,251 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Archer Daniels Midland by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 7,741,992 shares of the company’s stock valued at $315,873,000 after purchasing an additional 43,130 shares in the last quarter. 76.08% of the stock is owned by institutional investors.

In related news, CEO Juan R. Luciano bought 5,457 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average price of $36.65 per share, for a total transaction of $199,999.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ray G. Young bought 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $36.74 per share, for a total transaction of $124,916.00. The disclosure for this purchase can be found here. Corporate insiders own 1.11% of the company’s stock.

NYSE:ADM opened at $40.46 on Friday. The company’s 50 day moving average price is $39.65 and its 200-day moving average price is $40.62. Archer Daniels Midland Co has a 52 week low of $36.45 and a 52 week high of $49.77. The company has a quick ratio of 0.89, a current ratio of 1.55 and a debt-to-equity ratio of 0.41. The stock has a market cap of $22.54 billion, a price-to-earnings ratio of 11.56 and a beta of 1.07.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). Archer Daniels Midland had a net margin of 2.08% and a return on equity of 8.53%. The firm had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $16.79 billion. During the same quarter in the previous year, the company earned $1.02 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Archer Daniels Midland Co will post 2.73 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Wednesday, August 21st. Archer Daniels Midland’s payout ratio is 40.00%.

ADM has been the subject of a number of analyst reports. Stephens initiated coverage on shares of Archer Daniels Midland in a research note on Monday, October 7th. They set an “overweight” rating and a $50.00 target price for the company. Buckingham Research decreased their target price on shares of Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Robert W. Baird set a $48.00 target price on shares of Archer Daniels Midland and gave the company a “buy” rating in a research note on Monday, August 26th. ValuEngine upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Finally, Stifel Nicolaus cut their price target on shares of Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Archer Daniels Midland presently has an average rating of “Buy” and a consensus price target of $49.75.

Archer Daniels Midland Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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

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