Stone Ridge Asset Management LLC Takes Position in Archer Daniels Midland (NYSE:ADM)

Stone Ridge Asset Management LLC bought a new stake in Archer Daniels Midland (NYSE:ADM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,856 shares of the company’s stock, valued at approximately $1,557,000.

Other hedge funds have also recently made changes to their positions in the company. Ffcm LLC increased its holdings in Archer Daniels Midland by 126.4% during the fourth quarter. Ffcm LLC now owns 2,551 shares of the company’s stock worth $102,000 after buying 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 fourth quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock worth $102,000 after buying 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 fourth quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock worth $129,000 after buying an additional 3,059 shares during the last quarter. Trustcore Financial Services LLC purchased a new stake in Archer Daniels Midland during the fourth quarter worth about $130,000. Finally, Sun Life Financial INC purchased a new stake in Archer Daniels Midland during the third quarter worth about $147,000. Institutional investors own 77.43% of the company’s stock.

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ADM stock opened at $44.33 on Friday. 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 one year low of $38.59 and a one year high of $45.91. The company has a market cap of $24,533.04, a price-to-earnings ratio of 18.24 and a beta of 1.02.

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 net margin of 2.62% and a return on equity of 7.91%. The company had revenue of $16.07 billion for the quarter, compared to the consensus estimate of $16.64 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. analysts anticipate that Archer Daniels Midland will post 2.86 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 3.02%. 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. Archer Daniels Midland’s payout ratio is presently 55.14%.

A number of equities analysts have weighed in on ADM shares. Robert W. Baird increased their target price on shares of Archer Daniels Midland from $47.00 to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Buckingham Research upgraded shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and increased their target price for the stock from $41.64 to $47.00 in a research report on Wednesday, February 28th. Zacks Investment Research lowered shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a research report on Monday, December 18th. Stifel Nicolaus cut their price objective on shares of Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating for the company in a research report on Monday, January 22nd. Finally, Goldman Sachs upgraded shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their price objective for the company from $43.30 to $50.00 in a research report on Monday, March 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $44.65.

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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.

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

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