Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 7,299.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 161,300 shares of the company’s stock after purchasing an additional 159,120 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Archer-Daniels-Midland were worth $8,131,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of ADM. Perpetual Investment Management Limited bought a new stake in Archer-Daniels-Midland in the fourth quarter worth $279,000. Williams Financial LLC purchased a new position in Archer-Daniels-Midland in the fourth quarter worth about $250,000. Garde Capital Inc. bought a new position in shares of Archer-Daniels-Midland in the fourth quarter worth approximately $128,000. Dimensional Fund Advisors LP raised its holdings in Archer-Daniels-Midland by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,414,478 shares of the company’s stock worth $222,520,000 after acquiring an additional 30,267 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Archer-Daniels-Midland by 48.8% during the 4th quarter. Hsbc Holdings PLC now owns 700,245 shares of the company’s stock valued at $35,136,000 after purchasing an additional 229,661 shares during the last quarter. Institutional investors own 77.94% of the company’s stock.
In other Archer-Daniels-Midland news, SVP Joseph D. Taets sold 43,711 shares of the stock in a transaction dated Friday, February 12th. The shares were sold at an average price of $55.40, for a total transaction of $2,421,589.40. Following the completion of the transaction, the senior vice president now owns 215,093 shares of the company’s stock, valued at approximately $11,916,152.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer L. Weber acquired 5,095 shares of the business’s stock in a transaction dated Friday, March 12th. The shares were purchased at an average price of $58.40 per share, with a total value of $297,548.00. Following the transaction, the senior vice president now owns 69,301 shares of the company’s stock, valued at $4,047,178.40. The disclosure for this purchase can be found here. 1.27% of the stock is owned by insiders.
A number of equities analysts have weighed in on ADM shares. Morgan Stanley boosted their target price on Archer-Daniels-Midland from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, December 14th. BMO Capital Markets lowered shares of Archer-Daniels-Midland from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $51.00 to $56.00 in a research note on Monday, January 11th. Credit Suisse Group upped their price objective on Archer-Daniels-Midland from $46.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, January 20th. Finally, JPMorgan Chase & Co. increased their target price on Archer-Daniels-Midland from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, March 24th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.50.
Shares of ADM opened at $57.84 on Thursday. The business has a 50-day simple moving average of $57.23 and a two-hundred day simple moving average of $51.88. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.41. Archer-Daniels-Midland Company has a 52 week low of $33.01 and a 52 week high of $59.12. The stock has a market cap of $32.30 billion, a price-to-earnings ratio of 20.44 and a beta of 0.85.
Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Monday, January 25th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.11. The company had revenue of $17.98 billion during the quarter, compared to analyst estimates of $16.48 billion. Archer-Daniels-Midland had a net margin of 2.53% and a return on equity of 11.10%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 EPS. On average, equities analysts anticipate that Archer-Daniels-Midland Company will post 3.44 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 9th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, February 8th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 2.56%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 45.68%.
Archer-Daniels-Midland Co processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.
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