Foster & Motley Inc. lifted its position in shares of Archer Daniels Midland Co (NYSE:ADM) by 165.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,612 shares of the company’s stock after purchasing an additional 23,462 shares during the period. Foster & Motley Inc.’s holdings in Archer Daniels Midland were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acropolis Investment Management LLC increased its stake in Archer Daniels Midland by 1,923.9% during the 4th quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock worth $129,000 after acquiring an additional 3,059 shares during the period. Sun Life Financial INC bought a new position in shares of Archer Daniels Midland in the 3rd quarter valued at $147,000. Fieldpoint Private Securities LLC bought a new position in shares of Archer Daniels Midland in the 3rd quarter valued at $188,000. DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of Archer Daniels Midland in the 3rd quarter valued at $202,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Archer Daniels Midland in the 3rd quarter valued at $212,000. Institutional investors own 76.71% of the company’s stock.
Several equities analysts have recently issued reports on ADM shares. Zacks Investment Research upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Stifel Nicolaus set a $45.00 price objective on Archer Daniels Midland and gave the company a “hold” rating in a report on Wednesday, November 1st. TheStreet downgraded Archer Daniels Midland from a “b-” rating to a “c+” rating in a report on Tuesday, October 31st. BMO Capital Markets cut 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 target price on Archer Daniels Midland and gave the stock a “hold” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $42.22.
Shares of Archer Daniels Midland Co (NYSE ADM) traded up $0.48 during trading on Wednesday, reaching $41.82. The company had a trading volume of 3,644,358 shares, compared to its average volume of 3,990,000. Archer Daniels Midland Co has a twelve month low of $38.59 and a twelve month high of $47.44. The company has a market cap of $23,390.00, a price-to-earnings ratio of 14.94 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 issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. The firm had revenue of $16.07 billion during the quarter, compared to analyst estimates of $16.64 billion. Archer Daniels Midland had a return on equity of 7.91% and a net margin of 2.62%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. sell-side analysts predict that Archer Daniels Midland Co will post 2.76 earnings per share for the current fiscal year.
The firm 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 represents a $1.34 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, February 16th. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.32. Archer Daniels Midland’s payout ratio is presently 45.71%.
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Archer Daniels Midland Company Profile
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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