Captrust Financial Advisors bought a new stake in shares of Archer Daniels Midland (NYSE:ADM) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 9,152 shares of the company’s stock, valued at approximately $367,000.
Several other large investors also recently made changes to their positions in the stock. Ffcm LLC increased its holdings in Archer Daniels Midland by 126.4% during the 4th 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 last quarter. Tower Research Capital LLC TRC increased its holdings in Archer Daniels Midland by 188.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock worth $102,000 after purchasing an additional 1,668 shares during the last quarter. Acropolis Investment Management LLC increased its holdings in Archer Daniels Midland by 1,923.9% during the 4th quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock worth $129,000 after purchasing an additional 3,059 shares during the last quarter. Trustcore Financial Services LLC purchased a new stake in Archer Daniels Midland during the 4th quarter worth approximately $130,000. Finally, Sun Life Financial INC purchased a new stake in Archer Daniels Midland during the 3rd quarter worth approximately $147,000. Institutional investors and hedge funds own 77.43% of the company’s stock.
Several equities research analysts have issued reports on the company. Buckingham Research upgraded Archer Daniels Midland from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $41.64 to $47.00 in a report on Wednesday, February 28th. Stephens upgraded Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 7th. Zacks Investment Research downgraded Archer Daniels Midland from a “hold” rating to a “sell” rating in a report on Monday, December 18th. Robert W. Baird lifted their price objective on Archer Daniels Midland from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Goldman Sachs upgraded Archer Daniels Midland from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $43.30 to $50.00 in a report on Monday, March 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned 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 $44.65.
Shares of ADM traded down $0.10 during mid-day trading on Friday, hitting $44.33. The stock had a trading volume of 6,447,961 shares, compared to its average volume of 4,097,261. The firm has a market cap of $24,829.23, a price-to-earnings ratio of 18.24 and a beta of 1.02. 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 has a fifty-two week low of $38.59 and a fifty-two week high of $45.91.
Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 6th. The company reported $0.82 EPS for the quarter, topping the consensus estimate 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 last year, the firm earned $0.75 EPS. The business’s revenue was down 2.6% on a year-over-year basis. sell-side analysts predict that Archer Daniels Midland will post 2.86 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th were given a dividend of $0.335 per share. The ex-dividend date was Friday, February 16th. This represents a $1.34 dividend on an annualized basis and a yield of 3.02%. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.32. Archer Daniels Midland’s payout ratio is currently 55.14%.
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About Archer Daniels Midland
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.
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