Captrust Financial Advisors acquired a new position in Archer Daniels Midland Co (NYSE:ADM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,152 shares of the company’s stock, valued at approximately $367,000.
Several other institutional investors also recently bought and sold shares of the stock. California State Teachers Retirement System lifted its stake in Archer Daniels Midland by 0.4% in the fourth quarter. California State Teachers Retirement System now owns 978,292 shares of the company’s stock valued at $39,210,000 after buying an additional 4,223 shares during the period. Premia Global Advisors LLC acquired a new position in Archer Daniels Midland in the fourth quarter valued at approximately $170,000. Stone Ridge Asset Management LLC acquired a new position in Archer Daniels Midland in the fourth quarter valued at approximately $1,557,000. Guggenheim Capital LLC lifted its stake in Archer Daniels Midland by 11.5% in the fourth quarter. Guggenheim Capital LLC now owns 1,994,864 shares of the company’s stock valued at $79,956,000 after buying an additional 205,432 shares during the period. Finally, QS Investors LLC lifted its stake in Archer Daniels Midland by 65.6% in the fourth quarter. QS Investors LLC now owns 100,483 shares of the company’s stock valued at $4,027,000 after buying an additional 39,811 shares during the period. 77.46% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on the company. Goldman Sachs Group raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and boosted their price target for the company from $43.30 to $50.00 in a research note on Monday. Zacks Investment Research raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Wednesday, March 7th. Vertical Group raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Thursday, February 15th. Citigroup raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and boosted their price target for the company from $42.72 to $49.00 in a research note on Tuesday, March 6th. Finally, Robert W. Baird boosted their price target on Archer Daniels Midland from $47.00 to $49.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $44.65.
Shares of Archer Daniels Midland Co (ADM) opened at $43.26 on Friday. The company has a market capitalization of $24,460.40, a P/E ratio of 15.45 and a beta of 1.09. Archer Daniels Midland Co has a 1-year low of $38.59 and a 1-year high of $46.39. The company has a current ratio of 1.59, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36.
Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.12. The firm had revenue of $16.07 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. sell-side analysts expect that Archer Daniels Midland Co will post 2.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.335 per share. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.34 annualized dividend and a dividend yield of 3.10%. Archer Daniels Midland’s payout ratio is currently 47.86%.
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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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