Farringdon Capital Ltd. Purchases Shares of 6,313 Archer-Daniels-Midland Company (NYSE:ADM)

Farringdon Capital Ltd. acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,313 shares of the company’s stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADM. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. boosted its stake in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 357 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Archer-Daniels-Midland in the 4th quarter valued at approximately $28,000. ST Germain D J Co. Inc. increased its position in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after buying an additional 500 shares during the period. Finally, Crews Bank & Trust bought a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at approximately $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ADM shares. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Stephens cut their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Barclays decreased their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Bank of America raised Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and cut their price target for the company from $48.00 to $47.00 in a report on Tuesday. Finally, Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $52.75.

Archer-Daniels-Midland Trading Up 3.7 %

Shares of ADM opened at $47.85 on Friday. The stock has a 50 day simple moving average of $46.60 and a 200-day simple moving average of $50.59. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock has a market cap of $22.96 billion, a PE ratio of 13.26, a PEG ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the business earned $1.36 earnings per share. On average, sell-side analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.51 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.26%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is 56.51%.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.