Uncommon Cents Investing LLC acquired a new stake in shares of Archer Daniels Midland Co (NYSE:ADM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 110,672 shares of the company’s stock, valued at approximately $4,753,000. Archer Daniels Midland makes up approximately 3.1% of Uncommon Cents Investing LLC’s portfolio, making the stock its 10th largest holding.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Advisory Services Network LLC grew its stake in Archer Daniels Midland by 10.8% during the 2nd quarter. Advisory Services Network LLC now owns 7,139 shares of the company’s stock valued at $295,000 after acquiring an additional 695 shares in the last quarter. Hermes Investment Management Ltd. grew its stake in Archer Daniels Midland by 6.1% during the 4th quarter. Hermes Investment Management Ltd. now owns 20,950 shares of the company’s stock valued at $840,000 after acquiring an additional 1,200 shares in the last quarter. First Manhattan Co. grew its stake in Archer Daniels Midland by 23.3% during the 4th quarter. First Manhattan Co. now owns 6,609 shares of the company’s stock valued at $264,000 after acquiring an additional 1,251 shares in the last quarter. Nordea Investment Management AB grew its stake in Archer Daniels Midland by 3.9% during the 3rd quarter. Nordea Investment Management AB now owns 34,489 shares of the company’s stock valued at $1,466,000 after acquiring an additional 1,307 shares in the last quarter. Finally, Eqis Capital Management Inc. grew its stake in Archer Daniels Midland by 12.1% during the 3rd quarter. Eqis Capital Management Inc. now owns 12,640 shares of the company’s stock valued at $537,000 after acquiring an additional 1,364 shares in the last quarter. 76.71% of the stock is owned by institutional investors.
Archer Daniels Midland Co (NYSE ADM) opened at $43.13 on Friday. The company has a quick ratio of 0.91, a current ratio of 9.60 and a debt-to-equity ratio of 0.36. The firm has a market cap of $24,120.45, a PE ratio of 15.40 and a beta of 1.11. Archer Daniels Midland Co has a fifty-two week low of $38.59 and a fifty-two week high of $47.44.
Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 6th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.12. The company had revenue of $16.07 billion for the quarter, compared to analyst estimates of $16.64 billion. Archer Daniels Midland had a net margin of 2.62% and a return on equity of 7.91%. Archer Daniels Midland’s revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. equities research analysts predict that Archer Daniels Midland Co will post 2.8 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 3.11%. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 16th. Archer Daniels Midland’s payout ratio is presently 45.71%.
Several brokerages recently issued reports on ADM. Monness Crespi & Hardt dropped their price objective on shares of Archer Daniels Midland from $38.00 to $37.00 and set a “sell” rating for the company in a research note on Wednesday, November 1st. Vertical Group raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Thursday. Robert W. Baird reaffirmed a “buy” rating and set a $47.00 price objective on shares of Archer Daniels Midland in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $39.00 target price on shares of Archer Daniels Midland and gave the company a “hold” rating in a report on Tuesday, October 31st. Finally, Stifel Nicolaus set a $45.00 target price on shares of Archer Daniels Midland and gave the company a “hold” rating in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus price target of $42.97.
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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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