Stony Point Wealth Management Inc. acquired a new position in Archer Daniels Midland Co (NYSE:ADM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,547 shares of the company’s stock, valued at approximately $343,000.
Other hedge funds have also bought and sold shares of the company. Hermes Investment Management Ltd. increased its position in Archer Daniels Midland by 6.1% in the 4th quarter. Hermes Investment Management Ltd. now owns 20,950 shares of the company’s stock valued at $840,000 after buying an additional 1,200 shares in the last quarter. First Manhattan Co. increased its position in Archer Daniels Midland by 23.3% in the 4th quarter. First Manhattan Co. now owns 6,609 shares of the company’s stock valued at $264,000 after buying an additional 1,251 shares in the last quarter. Nordea Investment Management AB increased its position in Archer Daniels Midland by 3.9% in the 3rd quarter. Nordea Investment Management AB now owns 34,489 shares of the company’s stock valued at $1,466,000 after buying an additional 1,307 shares in the last quarter. Ffcm LLC increased its position in Archer Daniels Midland by 126.4% in the 4th quarter. Ffcm LLC now owns 2,551 shares of the company’s stock valued at $102,000 after buying an additional 1,424 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in Archer Daniels Midland by 13.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 12,500 shares of the company’s stock valued at $531,000 after buying an additional 1,500 shares in the last quarter. 77.41% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently commented on ADM shares. Zacks Investment Research lowered Archer Daniels Midland from a “hold” rating to a “sell” rating in a research report on Monday, December 18th. Stifel Nicolaus cut their price target on Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, January 22nd. Stephens upgraded Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 7th. Robert W. Baird lifted their price target on Archer Daniels Midland from $47.00 to $49.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Vertical Group upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Archer Daniels Midland presently has an average rating of “Hold” and an average target price of $44.65.
Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 6th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $16.07 billion for the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s revenue was down 2.6% compared to the same quarter last year. research analysts forecast that Archer Daniels Midland Co will post 2.86 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.32. Archer Daniels Midland’s payout ratio is presently 47.86%.
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About Archer Daniels Midland
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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