Cadence Capital Management LLC decreased its position in Archer Daniels Midland Co (NYSE:ADM) by 22.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,840 shares of the company’s stock after selling 54,968 shares during the quarter. Cadence Capital Management LLC’s holdings in Archer Daniels Midland were worth $7,569,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Archer Daniels Midland by 33.5% during the second quarter. FMR LLC now owns 1,242,184 shares of the company’s stock valued at $51,403,000 after purchasing an additional 311,918 shares during the last quarter. Numeric Investors LLC purchased a new stake in Archer Daniels Midland in the 2nd quarter worth about $265,000. Royal Bank of Canada lifted its stake in Archer Daniels Midland by 3.4% in the 2nd quarter. Royal Bank of Canada now owns 595,684 shares of the company’s stock worth $24,649,000 after acquiring an additional 19,773 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Archer Daniels Midland by 183.0% in the 2nd quarter. Janus Henderson Group PLC now owns 550,406 shares of the company’s stock worth $22,776,000 after acquiring an additional 355,907 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its stake in Archer Daniels Midland by 68.5% in the 2nd quarter. Nomura Holdings Inc. now owns 98,694 shares of the company’s stock worth $4,085,000 after acquiring an additional 40,128 shares in the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.
ADM has been the topic of several research reports. Zacks Investment Research raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Stifel Nicolaus set a $45.00 target price on Archer Daniels Midland and gave the stock a “hold” rating in a research report on Wednesday, November 1st. TheStreet lowered Archer Daniels Midland from a “b-” rating to a “c+” rating in a report on Tuesday, October 31st. BMO Capital Markets lowered their price objective on Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $39.00 price objective on Archer Daniels Midland and gave the company a “hold” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $42.22.
Archer Daniels Midland Co (NYSE ADM) traded up $0.32 during trading on Wednesday, hitting $41.66. The company had a trading volume of 2,276,837 shares, compared to its average volume of 3,923,875. Archer Daniels Midland Co has a 1-year low of $38.59 and a 1-year high of $47.44. The company has a market cap of $22,910.00, a P/E ratio of 14.86 and a beta of 1.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 9.60 and a quick ratio of 0.91.
Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.12. Archer Daniels Midland had a return on equity of 7.91% and a net margin of 2.62%. The firm had revenue of $16.07 billion during the quarter, compared to analysts’ expectations of $16.64 billion. During the same period last year, the firm posted $0.75 EPS. The business’s revenue was down 2.6% on a year-over-year basis. sell-side analysts anticipate that Archer Daniels Midland Co will post 2.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be paid a $0.335 dividend. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Friday, February 16th. Archer Daniels Midland’s dividend payout ratio (DPR) is 45.71%.
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About Archer Daniels Midland
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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