Vident Investment Advisory LLC boosted its stake in shares of Archer Daniels Midland Co (NYSE:ADM) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,003 shares of the company’s stock after acquiring an additional 3,881 shares during the period. Vident Investment Advisory LLC’s holdings in Archer Daniels Midland were worth $3,167,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of ADM. American Century Companies Inc. increased its stake in Archer Daniels Midland by 1,325.9% during the 3rd quarter. American Century Companies Inc. now owns 237,086 shares of the company’s stock worth $10,079,000 after acquiring an additional 220,459 shares during the period. Comerica Bank increased its stake in Archer Daniels Midland by 9.8% during the 3rd quarter. Comerica Bank now owns 156,480 shares of the company’s stock worth $6,699,000 after acquiring an additional 13,997 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Archer Daniels Midland by 2.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 79,470 shares of the company’s stock worth $3,378,000 after acquiring an additional 1,869 shares during the period. Stratos Wealth Partners LTD. bought a new position in Archer Daniels Midland during the 3rd quarter worth $212,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Archer Daniels Midland by 6.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 43,342 shares of the company’s stock worth $1,842,000 after acquiring an additional 2,634 shares during the period. Hedge funds and other institutional investors own 77.46% of the company’s stock.
Several equities analysts have recently issued reports on the company. Goldman Sachs upgraded Archer Daniels Midland from a “neutral” rating to a “buy” rating and lifted their price target for the company from $43.30 to $50.00 in a research note on Monday, March 12th. Vertical Group upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Thursday, February 15th. Zacks Investment Research lowered Archer Daniels Midland from a “hold” rating to a “sell” rating in a research note on Monday, December 18th. Stifel Nicolaus decreased their price target on Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating on the stock in a research note on Monday, January 22nd. Finally, Stephens upgraded Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $44.65.
Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter last year, the business posted $0.75 EPS. Archer Daniels Midland’s revenue for the quarter was down 2.6% on a year-over-year basis. research analysts forecast that Archer Daniels Midland Co will post 2.86 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th were issued a dividend of $0.335 per share. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 16th. This represents a $1.34 annualized dividend and a dividend yield of 3.08%. Archer Daniels Midland’s dividend payout ratio (DPR) is 47.86%.
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Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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