HL Financial Services LLC raised its stake in shares of Archer Daniels Midland Co (NYSE:ADM) by 19.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,663 shares of the company’s stock after buying an additional 5,859 shares during the period. HL Financial Services LLC’s holdings in Archer Daniels Midland were worth $1,469,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in ADM. Bank of New York Mellon Corp increased its stake in shares of Archer Daniels Midland by 16.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,826,223 shares of the company’s stock worth $375,203,000 after purchasing an additional 1,246,972 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Archer Daniels Midland by 14.2% in the 3rd quarter. Victory Capital Management Inc. now owns 7,364,262 shares of the company’s stock valued at $313,054,000 after acquiring an additional 916,285 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Archer Daniels Midland by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,076,561 shares of the company’s stock valued at $173,149,000 after acquiring an additional 113,452 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Archer Daniels Midland by 9.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,078,210 shares of the company’s stock valued at $123,375,000 after acquiring an additional 259,027 shares during the last quarter. Finally, Marathon Asset Management LLP lifted its holdings in shares of Archer Daniels Midland by 31.8% in the 4th quarter. Marathon Asset Management LLP now owns 2,622,753 shares of the company’s stock valued at $105,120,000 after acquiring an additional 633,104 shares during the last quarter. Institutional investors and hedge funds own 76.71% of the company’s stock.
Archer Daniels Midland Co (NYSE:ADM) traded down $0.52 during mid-day trading on Monday, hitting $40.97. 3,266,493 shares of the stock were exchanged, compared to its average volume of 3,933,631. The stock has a market capitalization of $23,203.30, a PE ratio of 14.50 and a beta of 1.11. The company has a quick ratio of 0.91, a current ratio of 9.60 and a debt-to-equity ratio of 0.36. Archer Daniels Midland Co has a twelve month low of $38.59 and a twelve month high of $47.44.
Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 6th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.12. The company had revenue of $16.07 billion for the quarter, compared to analyst estimates of $16.64 billion. Archer Daniels Midland had a net margin of 2.62% and a return on equity of 7.91%. Archer Daniels Midland’s revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. equities research analysts expect that Archer Daniels Midland Co will post 2.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 3.27%. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, February 16th. Archer Daniels Midland’s payout ratio is presently 45.71%.
A number of brokerages recently commented on ADM. Stephens raised shares of Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, February 7th. Zacks Investment Research lowered shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a research report on Monday, December 18th. TheStreet lowered shares of Archer Daniels Midland from a “b-” rating to a “c+” rating in a research report on Tuesday, October 31st. Robert W. Baird lifted their price objective on shares of Archer Daniels Midland from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets cut their price objective on shares of Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $42.22.
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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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