GHP Investment Advisors Inc. lowered its stake in Archer Daniels Midland Co (NYSE:ADM) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,301 shares of the company’s stock after selling 1,627 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Archer Daniels Midland were worth $1,535,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Captrust Financial Advisors purchased a new stake in Archer Daniels Midland in the fourth quarter worth approximately $367,000. California State Teachers Retirement System boosted its stake in shares of Archer Daniels Midland by 0.4% during the 4th quarter. California State Teachers Retirement System now owns 978,292 shares of the company’s stock worth $39,210,000 after acquiring an additional 4,223 shares during the last quarter. Premia Global Advisors LLC purchased a new position in shares of Archer Daniels Midland during the 4th quarter worth $170,000. Stone Ridge Asset Management LLC purchased a new position in shares of Archer Daniels Midland during the 4th quarter worth $1,557,000. Finally, Guggenheim Capital LLC boosted its stake in shares of Archer Daniels Midland by 11.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,994,864 shares of the company’s stock worth $79,956,000 after acquiring an additional 205,432 shares during the last quarter. Institutional investors own 77.46% of the company’s stock.
Several research analysts have recently weighed in on ADM shares. Zacks Investment Research cut shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a research note on Monday, December 18th. Stifel Nicolaus dropped their price target on shares of Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating on the stock in a research note on Monday, January 22nd. Stephens upgraded shares of Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 7th. Robert W. Baird lifted their price target on shares of Archer Daniels Midland from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Vertical Group upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $44.65.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.12. The firm had revenue of $16.07 billion for the quarter, compared to the consensus estimate of $16.64 billion. Archer Daniels Midland had a net margin of 2.62% and a return on equity of 7.91%. The company’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.75 EPS. analysts anticipate that Archer Daniels Midland Co will post 2.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 3.03%. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, February 16th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 47.86%.
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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