Thrivent Financial For Lutherans reduced its stake in Archer Daniels Midland Co (NYSE:ADM) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,644 shares of the company’s stock after selling 1,529 shares during the period. Thrivent Financial For Lutherans’ holdings in Archer Daniels Midland were worth $908,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADM. Ffcm LLC grew its stake in shares of Archer Daniels Midland by 126.4% in the fourth quarter. Ffcm LLC now owns 2,551 shares of the company’s stock worth $102,000 after acquiring an additional 1,424 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Archer Daniels Midland by 188.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock worth $102,000 after acquiring an additional 1,668 shares during the last quarter. Acropolis Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 3,059 shares in the last quarter. Trustcore Financial Services LLC bought a new position in shares of Archer Daniels Midland during the fourth quarter valued at $130,000. Finally, Sun Life Financial INC bought a new position in shares of Archer Daniels Midland during the third quarter valued at $147,000. 77.41% of the stock is currently owned by hedge funds and other institutional investors.
ADM stock opened at $42.05 on Friday. Archer Daniels Midland Co has a 1-year low of $38.59 and a 1-year high of $46.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.59 and a quick ratio of 0.86. The firm has a market capitalization of $23,437.72, a PE ratio of 15.02 and a beta of 1.09.
Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 6th. The company reported $0.82 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. Archer Daniels Midland’s revenue was down 2.6% on a year-over-year basis. equities research analysts forecast that Archer Daniels Midland Co will post 2.86 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th were issued a $0.335 dividend. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, February 16th. This represents a $1.34 dividend on an annualized basis and a yield of 3.19%. Archer Daniels Midland’s dividend payout ratio is currently 47.86%.
ADM has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Archer Daniels Midland from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. Vertical Group raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Thursday, February 15th. Citigroup raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and upped their price target for the company from $42.72 to $49.00 in a report on Tuesday, March 6th. Stifel Nicolaus lowered their price target on Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. Finally, Goldman Sachs raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and upped their price target for the company from $43.30 to $50.00 in a report on Monday, March 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $44.65.
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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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