9,152 Shares in Archer Daniels Midland (ADM) Purchased by Captrust Financial Advisors

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.

How to Become a New Pot Stock Millionaire

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%.

ILLEGAL ACTIVITY NOTICE: “9,152 Shares in Archer Daniels Midland (ADM) Purchased by Captrust Financial Advisors” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/04/07/9152-shares-in-archer-daniels-midland-co-adm-purchased-by-captrust-financial-advisors.html.

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.

Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply