Comerica Bank reduced its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,827 shares of the company’s stock after selling 1,653 shares during the quarter. Comerica Bank’s holdings in Archer Daniels Midland were worth $6,633,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ADM. FMR LLC boosted its stake in shares of Archer Daniels Midland by 33.5% during the 2nd quarter. FMR LLC now owns 1,242,184 shares of the company’s stock valued at $51,403,000 after buying an additional 311,918 shares during the last quarter. Numeric Investors LLC purchased a new position in shares of Archer Daniels Midland during the 2nd quarter valued at approximately $265,000. Janus Henderson Group PLC boosted its stake in shares of Archer Daniels Midland by 183.0% during the 2nd quarter. Janus Henderson Group PLC now owns 550,406 shares of the company’s stock valued at $22,776,000 after buying an additional 355,907 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Archer Daniels Midland during the 2nd quarter valued at approximately $665,000. Finally, Cullen Capital Management LLC boosted its stake in shares of Archer Daniels Midland by 87.8% during the 2nd quarter. Cullen Capital Management LLC now owns 59,700 shares of the company’s stock valued at $2,470,000 after buying an additional 27,915 shares during the last quarter. Institutional investors own 76.33% of the company’s stock.
Shares of Archer Daniels Midland Co (ADM) opened at $41.49 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 9.60. The stock has a market capitalization of $23,125.00, a P/E ratio of 16.95 and a beta of 1.11. Archer Daniels Midland Co has a 52-week low of $38.59 and a 52-week high of $47.44.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be given a dividend of $0.335 per share. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Friday, February 16th. Archer Daniels Midland’s dividend payout ratio is currently 45.71%.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Friday. Monness Crespi & Hardt reduced their target price on Archer Daniels Midland from $38.00 to $37.00 and set a “sell” rating for the company in a research note on Wednesday, November 1st. Robert W. Baird reiterated a “buy” rating and set a $47.00 target price on shares of Archer Daniels Midland in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $39.00 price target on Archer Daniels Midland and gave the company a “hold” rating in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus set a $45.00 price target on Archer Daniels Midland and gave the company a “hold” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $42.22.
Archer Daniels Midland 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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