Arizona State Retirement System boosted its holdings in Archer Daniels Midland Co (NYSE:ADM) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,692 shares of the company’s stock after buying an additional 2,267 shares during the period. Arizona State Retirement System’s holdings in Archer Daniels Midland were worth $5,679,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in ADM. Ffcm LLC grew its stake in Archer Daniels Midland by 126.4% in the 4th quarter. Ffcm LLC now owns 2,551 shares of the company’s stock valued at $102,000 after buying an additional 1,424 shares in the last quarter. Acropolis Investment Management LLC grew its stake in Archer Daniels Midland by 1,923.9% in the 4th quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock valued at $129,000 after buying an additional 3,059 shares in the last quarter. Sun Life Financial INC purchased a new position in Archer Daniels Midland in the 3rd quarter valued at approximately $147,000. Fieldpoint Private Securities LLC purchased a new position in Archer Daniels Midland in the 3rd quarter valued at approximately $188,000. Finally, Stratos Wealth Partners LTD. purchased a new position in Archer Daniels Midland in the 3rd quarter valued at approximately $212,000. Institutional investors and hedge funds own 76.48% of the company’s stock.
Shares of Archer Daniels Midland Co (ADM) opened at $42.57 on Friday. Archer Daniels Midland Co has a fifty-two week low of $38.59 and a fifty-two week high of $47.44. The company has a current ratio of 1.59, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The stock has a market cap of $23,337.13, a price-to-earnings ratio of 17.11 and a beta of 1.11.
Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. Archer Daniels Midland had a net margin of 2.62% and a return on equity of 7.91%. The company had revenue of $16.07 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same period in the previous year, the firm posted $0.75 EPS. The firm’s revenue was down 2.6% compared to the same quarter last year. research analysts predict that Archer Daniels Midland Co will post 2.8 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.335 per share. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, February 16th. Archer Daniels Midland’s payout ratio is currently 47.86%.
A number of research firms recently weighed in on ADM. Vertical Group upgraded 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, February 15th. Monness Crespi & Hardt cut their price target on shares of Archer Daniels Midland from $38.00 to $37.00 and set a “sell” rating for the company in a report on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating and issued a $47.00 price target on shares of Archer Daniels Midland in a report on Wednesday, November 1st. Stifel Nicolaus set a $45.00 price target on shares of Archer Daniels Midland and gave the company a “hold” rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Archer Daniels Midland presently has an average rating of “Hold” and an average price target of $42.97.
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Archer Daniels Midland 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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