Royal Fund Management LLC acquired a new position in Archer Daniels Midland Co (NYSE:ADM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,364 shares of the company’s stock, valued at approximately $47,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Advisor Networks LLC raised its holdings in Archer Daniels Midland by 3.8% in the 4th quarter. Cetera Advisor Networks LLC now owns 44,906 shares of the company’s stock worth $2,080,000 after acquiring an additional 1,642 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in Archer Daniels Midland during the 4th quarter valued at $209,000. CNA Financial Corp raised its stake in Archer Daniels Midland by 60.1% during the 4th quarter. CNA Financial Corp now owns 60,688 shares of the company’s stock valued at $2,813,000 after buying an additional 22,788 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in Archer Daniels Midland during the 4th quarter valued at $9,518,000. Finally, AXA raised its stake in Archer Daniels Midland by 49.6% during the 4th quarter. AXA now owns 805,628 shares of the company’s stock valued at $37,341,000 after buying an additional 267,245 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.
A number of brokerages have weighed in on ADM. ValuEngine lowered shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a research note on Monday, April 27th. Stifel Nicolaus decreased their target price on shares of Archer Daniels Midland from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Zacks Investment Research lowered shares of Archer Daniels Midland from a “buy” rating to a “hold” rating and set a $37.00 target price for the company. in a research note on Monday, April 6th. Credit Suisse Group decreased their target price on shares of Archer Daniels Midland from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Finally, Morgan Stanley reduced their price objective on Archer Daniels Midland from $47.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, March 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Archer Daniels Midland currently has an average rating of “Hold” and an average target price of $43.13.
NYSE:ADM opened at $35.38 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.51 and a quick ratio of 1.00. The firm has a market capitalization of $19.51 billion, a price-to-earnings ratio of 12.96 and a beta of 0.94. Archer Daniels Midland Co has a one year low of $28.92 and a one year high of $47.20. The business has a fifty day moving average price of $35.73 and a 200-day moving average price of $40.65.
Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.55 by $0.09. The firm had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.71 billion. Archer Daniels Midland had a return on equity of 10.15% and a net margin of 2.39%. Archer Daniels Midland’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. On average, equities research analysts expect that Archer Daniels Midland Co will post 2.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, May 19th. Archer Daniels Midland’s dividend payout ratio is currently 44.44%.
In other news, Director Francisco J. Sanchez bought 1,370 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $36.95 per share, with a total value of $50,621.50. Following the acquisition, the director now owns 4,370 shares of the company’s stock, valued at approximately $161,471.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pierre Dufour bought 1,070 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $35.20 per share, with a total value of $37,664.00. Following the acquisition, the director now directly owns 7,700 shares in the company, valued at approximately $271,040. The disclosure for this purchase can be found here. Corporate insiders own 1.27% of the company’s stock.
Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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