NumerixS Investment Technologies Inc purchased a new position in shares of Archer Daniels Midland Co (NYSE:ADM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,634 shares of the company’s stock, valued at approximately $638,000.
Other large investors also recently made changes to their positions in the company. Securian Asset Management Inc increased its holdings in Archer Daniels Midland by 0.4% in the fourth quarter. Securian Asset Management Inc now owns 56,653 shares of the company’s stock valued at $2,321,000 after purchasing an additional 226 shares during the period. Atlas Capital Advisors LLC increased its holdings in Archer Daniels Midland by 17.3% in the fourth quarter. Atlas Capital Advisors LLC now owns 1,584 shares of the company’s stock valued at $65,000 after purchasing an additional 234 shares during the period. Cordasco Financial Network increased its holdings in Archer Daniels Midland by 32.0% in the fourth quarter. Cordasco Financial Network now owns 1,056 shares of the company’s stock valued at $43,000 after purchasing an additional 256 shares during the period. Deane Retirement Strategies Inc. increased its holdings in Archer Daniels Midland by 0.9% in the fourth quarter. Deane Retirement Strategies Inc. now owns 33,513 shares of the company’s stock valued at $1,373,000 after purchasing an additional 291 shares during the period. Finally, Comerica Securities Inc. increased its holdings in Archer Daniels Midland by 5.1% in the fourth quarter. Comerica Securities Inc. now owns 6,212 shares of the company’s stock valued at $255,000 after purchasing an additional 301 shares during the period. Institutional investors own 75.92% of the company’s stock.
A number of analysts recently weighed in on the company. Argus upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Thursday, November 8th. Zacks Investment Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, January 8th. Credit Suisse Group set a $46.00 price target on shares of Archer Daniels Midland and gave the company a “neutral” rating in a research report on Wednesday, January 23rd. Finally, Stifel Nicolaus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $41.40 price target on the stock in a research report on Friday, February 8th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Archer Daniels Midland has a consensus rating of “Hold” and an average target price of $49.74.
Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.04). The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $16.83 billion. Archer Daniels Midland had a return on equity of 10.51% and a net margin of 2.81%. Archer Daniels Midland’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. As a group, sell-side analysts predict that Archer Daniels Midland Co will post 3.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 19th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, February 15th. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.34. Archer Daniels Midland’s dividend payout ratio is 40.00%.
In related news, Director Donald E. Felsinger acquired 60,000 shares of the business’s stock in a transaction dated Thursday, February 7th. The shares were bought at an average price of $41.80 per share, with a total value of $2,508,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.94% of the stock is owned by corporate insiders.
About Archer Daniels Midland
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.
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