AMP Capital Investors Ltd lowered its position in shares of Archer Daniels Midland Co (NYSE:ADM) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 374,917 shares of the company’s stock after selling 28,732 shares during the quarter. AMP Capital Investors Ltd owned about 0.07% of Archer Daniels Midland worth $15,024,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in ADM. Aristotle Capital Management LLC raised its position in shares of Archer Daniels Midland by 6.4% in the 4th quarter. Aristotle Capital Management LLC now owns 5,244,585 shares of the company’s stock worth $210,203,000 after purchasing an additional 315,644 shares during the last quarter. MANA Advisors LLC purchased a new position in shares of Archer Daniels Midland in the 4th quarter worth about $212,000. Scotia Capital Inc. raised its position in shares of Archer Daniels Midland by 10.0% in the 4th quarter. Scotia Capital Inc. now owns 25,214 shares of the company’s stock worth $1,011,000 after purchasing an additional 2,291 shares during the last quarter. Aviance Capital Partners LLC raised its position in shares of Archer Daniels Midland by 7.0% in the 4th quarter. Aviance Capital Partners LLC now owns 42,771 shares of the company’s stock worth $1,714,000 after purchasing an additional 2,794 shares during the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Archer Daniels Midland in the 4th quarter worth about $352,000. 77.46% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on ADM. Goldman Sachs Group raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $43.30 to $50.00 in a research report on Monday. Vertical Group raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Thursday, February 15th. Zacks Investment Research raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Stephens raised Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, February 7th. Finally, Citigroup raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $42.72 to $49.00 in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.65.
Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $16.64 billion. During the same period last year, the company earned $0.75 EPS. Archer Daniels Midland’s revenue for the quarter was down 2.6% on a year-over-year basis. analysts predict that Archer Daniels Midland Co will post 2.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 3.01%. This is an increase 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 dividend payout ratio (DPR) is presently 63.51%.
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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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