MetLife Investment Advisors LLC acquired a new position in Archer Daniels Midland Co (NYSE:ADM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 173,036 shares of the company’s stock, valued at approximately $6,935,000.
Several other institutional investors also recently made changes to their positions in the company. Hermes Investment Management Ltd. lifted its position in Archer Daniels Midland by 6.1% in the fourth quarter. Hermes Investment Management Ltd. now owns 20,950 shares of the company’s stock worth $840,000 after purchasing an additional 1,200 shares during the period. First Manhattan Co. lifted its position in Archer Daniels Midland by 23.3% in the fourth quarter. First Manhattan Co. now owns 6,609 shares of the company’s stock worth $264,000 after purchasing an additional 1,251 shares during the period. Nordea Investment Management AB lifted its position in Archer Daniels Midland by 3.9% in the third quarter. Nordea Investment Management AB now owns 34,489 shares of the company’s stock worth $1,466,000 after purchasing an additional 1,307 shares during the period. Ffcm LLC lifted its position in Archer Daniels Midland by 126.4% in the fourth quarter. Ffcm LLC now owns 2,551 shares of the company’s stock worth $102,000 after purchasing an additional 1,424 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Archer Daniels Midland by 13.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 12,500 shares of the company’s stock worth $531,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 77.41% of the company’s stock.
Several research analysts recently commented on the company. Buckingham Research raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their target price for the stock from $41.64 to $47.00 in a research report on Wednesday, February 28th. Stephens raised Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, February 7th. Zacks Investment Research cut Archer Daniels Midland from a “hold” rating to a “sell” rating in a research report on Monday, December 18th. Robert W. Baird raised their target price on Archer Daniels Midland from $47.00 to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Goldman Sachs raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their target price for the stock from $43.30 to $50.00 in a research report on Monday, March 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Archer Daniels Midland has an average rating of “Hold” and an average price target of $44.65.
Archer Daniels Midland Co (NYSE ADM) opened at $41.94 on Friday. The stock has a market capitalization of $23,817.73, a price-to-earnings ratio of 14.98 and a beta of 1.09. Archer Daniels Midland Co has a twelve month low of $38.59 and a twelve month high of $46.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.59.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.12. The company had revenue of $16.07 billion during the quarter, compared to analysts’ expectations of $16.64 billion. Archer Daniels Midland had a return on equity of 7.91% and a net margin of 2.62%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. equities research analysts anticipate that Archer Daniels Midland Co will post 2.86 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.335 per share. The ex-dividend date was Friday, February 16th. This is a boost 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 3.20%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 47.86%.
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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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