Archer Daniels Midland Co (NYSE:ADM) Holdings Decreased by Donald L. Hagan LLC

Donald L. Hagan LLC reduced its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,588 shares of the company’s stock after selling 494 shares during the quarter. Archer Daniels Midland accounts for 1.1% of Donald L. Hagan LLC’s portfolio, making the stock its 26th largest position. Donald L. Hagan LLC’s holdings in Archer Daniels Midland were worth $1,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exeter Financial LLC grew its position in shares of Archer Daniels Midland by 16.2% during the third quarter. Exeter Financial LLC now owns 27,132 shares of the company’s stock worth $1,364,000 after acquiring an additional 3,780 shares during the last quarter. Vanguard Group Inc. grew its position in Archer Daniels Midland by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 43,289,494 shares of the company’s stock valued at $2,176,164,000 after buying an additional 2,102,814 shares in the last quarter. F&V Capital Management LLC grew its position in Archer Daniels Midland by 57.1% in the 4th quarter. F&V Capital Management LLC now owns 148,300 shares of the company’s stock valued at $6,076,000 after buying an additional 53,880 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in Archer Daniels Midland in the 3rd quarter valued at about $643,000. Finally, GHP Investment Advisors Inc. lifted its holdings in Archer Daniels Midland by 6.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 42,644 shares of the company’s stock valued at $2,144,000 after acquiring an additional 2,713 shares during the last quarter. 77.80% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Donald E. Felsinger bought 60,000 shares of Archer Daniels Midland stock in a transaction that occurred on Thursday, February 7th. The stock was purchased at an average cost of $41.80 per share, with a total value of $2,508,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is owned by company insiders.

A number of brokerages have weighed in on ADM. Argus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 price target 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 objective for the company in a research note on Tuesday, January 8th. Credit Suisse Group set a $46.00 price objective on shares of Archer Daniels Midland and gave the company a “neutral” rating in a research note 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 for the company in a research report on Friday, February 8th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.67.

Shares of ADM stock opened at $42.40 on Thursday. Archer Daniels Midland Co has a 12 month low of $39.16 and a 12 month high of $52.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 87.98. The company has a market cap of $23.77 billion, a price-to-earnings ratio of 12.11 and a beta of 0.98.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.04). Archer Daniels Midland had a net margin of 2.81% and a return on equity of 10.51%. The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $16.83 billion. During the same period in the prior year, the company posted $0.82 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Archer Daniels Midland Co will post 3.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 19th will be given a $0.35 dividend. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Friday, February 15th. Archer Daniels Midland’s dividend payout ratio (DPR) is 38.29%.

ILLEGAL ACTIVITY NOTICE: “Archer Daniels Midland Co (NYSE:ADM) Holdings Decreased by Donald L. Hagan LLC” was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.baseballdailydigest.com/news/2019/02/14/donald-l-hagan-llc-sells-494-shares-of-archer-daniels-midland-co-adm.html.

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.

Featured Story: How is the LIBOR rate calculated?

Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply