Archer-Daniels-Midland Profit Falls 26% In Q3

Archer-Daniels-Midland Profit Falls 26% In Q3”

The institutional investor owned 9,241 shares of the company's stock at the end of the second quarter. Dubuque Bank & Trust Co.'s holdings in Archer Daniels Midland were worth $396,000 as of its most recent SEC filing. Zacks Investment Research raised Archer-Daniels-Midland from a "sell" rating to a "hold" rating in a research report on Tuesday, October 24th. The other 4 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. Renaissance Group LLC grew its holdings in shares of Archer-Daniels-Midland by 14.4% during the 2nd quarter. Babson Capital Management LLC raised its position in shares of Archer Daniels Midland by 86.5% in the first quarter. 253.45 million shares or 5.82% less from 269.11 million shares in 2017Q1 were reported.

Archer-Daniels-Midland Company, launched on May 2, 1923, is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The lower end of the projection is $0.71 per share, while the higher end is $0.86 per share. That's a potential -1.18 fall from where (NYSE:ADM) has been trading recently.

The stock decreased 0.60% or $0.26 during the last trading session, hitting $45.66.

Archer-Daniels-Midland Company (ADM) has an annual dividend of $1.28, while its annual dividend yield is 2.99%. The stock has a market capitalization of $24.23 billion, a price-to-earnings ratio of 18.21 and a beta of 1.12. ADM has recorded a 50-day average of $43.27 and a two hundred day average of $42.52.

Analysts expect Archer Daniels Midland Company (NYSE:ADM) to report $0.64 EPS on November, 7.They anticipate $0.05 EPS change or 8.47% from last quarter's $0.59 EPS. As of the latest earnings report the EPS was $2.37 and is projected to be $2.49 for the current year with 562,547,000 shares presently outstanding. Archer Daniels Midland Company (NYSE:ADM) has risen 8.16% since October 31, 2016 and is uptrending.

In terms of earnings per share, 13 analysts have a 0.76 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 8 analysts have a 0.63 EPS mean target and for the quarter ending Mar-18 there are 15 estimates of 2.49 EPS. During the same period in the prior year, the firm posted $0.59 earnings per share. The firm's quarterly revenue was down 4.4% compared to the same quarter past year. Archer Daniels Midland Company had 37 analyst reports since July 29, 2015 according to SRatingsIntel.

The company recently declared a dividend for shareholders that was paid on Thu Sep 7, 2017. Shares of ADM have increased 2.11% in the past three monthswhile the S&P 500 has dropped -1.26% in that time. The ex-dividend date is Monday, November 14th. Archer Daniels Midland's payout ratio is now 45.45%.

ADM has been the topic of several research reports.

July 12 investment analysts at Citigroup kept the company rating at "Buy" and lowered the price target from $50.00 to $47.00.

Having a price of $41.99, Archer Daniels Midland Company (NYSE:ADM) traded -0.60% lower on the day. It worsened, as 62 investors sold Archer Daniels Midland Company shares while 224 reduced holdings. Price Target plays a critical role when it comes to the analysis of a Stock.

Archer-Daniels-Midland Company's P/E ratio is 17.19 and the market value is 22.87B. A 16 analysts rate it as either a buy or a strong buy, while1 believe that investors should either steer clear of DFS or, if they already own its stock, sell it. The firm earned "Hold" rating on Monday, June 26 by BMO Capital Markets. As higher figure of institutional mostly indicates intentions of capital gain, which is suitable for passive investors as well stocks with a large amount of institutional ownership are often looked upon favorably.

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