Baird Financial Group Inc. Increases Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Baird Financial Group Inc. boosted its stake in Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) by 4.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 492,313 shares of the company’s stock after acquiring an additional 21,467 shares during the period. Baird Financial Group Inc. owned about 0.09% of Archer-Daniels-Midland worth $39,607,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its position in Archer-Daniels-Midland by 71.6% in the third quarter. Massmutual Trust Co. FSB ADV now owns 326 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares during the last quarter. Selective Wealth Management Inc. lifted its position in Archer-Daniels-Midland by 681.8% in the third quarter. Selective Wealth Management Inc. now owns 344 shares of the company’s stock valued at $28,000 after acquiring an additional 300 shares during the last quarter. Kistler Tiffany Companies LLC purchased a new stake in Archer-Daniels-Midland in the third quarter valued at $29,000. Wagner Wealth Management LLC purchased a new stake in Archer-Daniels-Midland in the second quarter valued at $33,000. Finally, McIlrath & Eck LLC purchased a new stake in shares of Archer-Daniels-Midland in the third quarter valued at about $38,000. 78.23% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Trading Up 2.2 %

Shares of Archer-Daniels-Midland stock opened at $78.95 on Wednesday. Archer-Daniels-Midland Company has a 52-week low of $70.02 and a 52-week high of $98.88. The company has a quick ratio of 0.85, a current ratio of 1.46 and a debt-to-equity ratio of 0.32. The company’s 50-day simple moving average is $82.78 and its 200-day simple moving average is $87.87. The firm has a market cap of $43.27 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.78 and a beta of 0.79.

Archer-Daniels-Midland (NYSE:ADM – Get Rating) last issued its earnings results on Thursday, January 26th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.29. Archer-Daniels-Midland had a net margin of 4.26% and a return on equity of 18.32%. The company had revenue of $26.23 billion for the quarter, compared to analyst estimates of $25.37 billion. During the same period in the prior year, the business posted $1.50 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 6.74 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Thursday, February 9th were given a dividend of $0.45 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.28%. The ex-dividend date was Wednesday, February 8th. Archer-Daniels-Midland’s dividend payout ratio is presently 23.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ADM shares. Stifel Nicolaus upped their target price on shares of Archer-Daniels-Midland from $114.00 to $116.00 in a report on Tuesday, January 3rd. StockNews.com cut shares of Archer-Daniels-Midland from a “strong-buy” rating to a “buy” rating in a report on Monday, January 30th. Finally, UBS Group started coverage on shares of Archer-Daniels-Midland in a report on Tuesday, December 13th. They issued a “buy” rating and a $115.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Archer-Daniels-Midland has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Archer-Daniels-Midland Company Profile

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Archer-Daniels-Midland Co engages in the production of oilseeds, corn, wheat, cocoa, and other agricultural commodities. It operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, Other, and Corporate. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds, such as soybeans, and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed, into vegetable oils and protein meals.