Stanley Laman Group Ltd. lifted its stake in shares of Archer Daniels Midland Co (NYSE:ADM) by 8.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 27,135 shares of the company’s stock after purchasing an additional 2,222 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Archer Daniels Midland were worth $1,088,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Hermes Investment Management Ltd. raised its stake in shares of 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 purchasing an additional 1,200 shares during the period. First Manhattan Co. raised its stake in shares of 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 purchasing an additional 1,251 shares during the period. Nordea Investment Management AB raised its stake in shares of 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 purchasing an additional 1,307 shares during the period. Eqis Capital Management Inc. grew its position in Archer Daniels Midland by 12.1% during the third quarter. Eqis Capital Management Inc. now owns 12,640 shares of the company’s stock worth $537,000 after buying an additional 1,364 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its position in Archer Daniels Midland by 1.7% during the third quarter. Xact Kapitalforvaltning AB now owns 87,103 shares of the company’s stock worth $3,703,000 after buying an additional 1,423 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.
Shares of Archer Daniels Midland Co (NYSE ADM) opened at $42.65 on Tuesday. Archer Daniels Midland Co has a 52 week low of $38.59 and a 52 week high of $47.44. 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 capitalization of $24,102.74, a PE ratio of 15.40 and a beta of 1.11.
Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, February 6th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $16.07 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same quarter in the previous year, the company posted $0.75 EPS. Archer Daniels Midland’s revenue for the quarter was down 2.6% on a year-over-year basis. analysts expect that Archer Daniels Midland Co will post 2.8 earnings per share for the current year.
The business 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 3.14%. The ex-dividend date of this dividend is Friday, February 16th. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.32. Archer Daniels Midland’s payout ratio is 45.71%.
Several equities analysts recently commented on ADM shares. Robert W. Baird restated a “buy” rating and set a $47.00 target price on shares of Archer Daniels Midland in a research report on Wednesday, November 1st. Vertical Group upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Thursday, February 15th. TheStreet cut Archer Daniels Midland from a “b-” rating to a “c+” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies set a $39.00 target price on Archer Daniels Midland and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus set a $45.00 price objective on Archer Daniels Midland and gave the stock a “hold” rating in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently 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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