HPM Partners LLC reduced its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 4.8% during the fourth quarter, Holdings Channel reports. The fund owned 26,916 shares of the company’s stock after selling 1,370 shares during the period. HPM Partners LLC’s holdings in Archer Daniels Midland were worth $1,079,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ffcm LLC grew its position in Archer Daniels Midland by 126.4% during the fourth quarter. Ffcm LLC now owns 2,551 shares of the company’s stock valued at $102,000 after acquiring an additional 1,424 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Archer Daniels Midland by 188.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock valued at $102,000 after acquiring an additional 1,668 shares during the last quarter. Acropolis Investment Management LLC grew its position in Archer Daniels Midland by 1,923.9% during the fourth quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock valued at $129,000 after acquiring an additional 3,059 shares during the last quarter. Trustcore Financial Services LLC bought a new position in Archer Daniels Midland during the fourth quarter valued at approximately $130,000. Finally, Sun Life Financial INC purchased a new stake in shares of Archer Daniels Midland during the third quarter valued at approximately $147,000. Institutional investors and hedge funds own 77.46% of the company’s stock.
A number of analysts have recently weighed in on the company. Goldman Sachs Group raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and increased their price objective for the company from $43.30 to $50.00 in a research note on Monday. Vertical Group raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Thursday, February 15th. Zacks Investment Research raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Stephens raised Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 7th. Finally, Citigroup raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and increased their price objective for the company from $42.72 to $49.00 in a research note on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued 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 quarterly earnings results on Tuesday, February 6th. The company reported $0.82 EPS 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 company had revenue of $16.07 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis. analysts expect that Archer Daniels Midland Co will post 2.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be paid a $0.335 dividend. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 16th. This represents a $1.34 dividend on an annualized basis and a yield of 3.01%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 47.86%.
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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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