Gamco Investors INC. ET AL lessened its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 2.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 621,139 shares of the company’s stock after selling 17,717 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Archer Daniels Midland were worth $26,790,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in Archer Daniels Midland by 6.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,049,549 shares of the company’s stock worth $43,000,000 after acquiring an additional 62,319 shares during the period. F&V Capital Management LLC boosted its position in Archer Daniels Midland by 57.1% during the 4th quarter. F&V Capital Management LLC now owns 148,300 shares of the company’s stock worth $6,076,000 after acquiring an additional 53,880 shares during the period. Norges Bank acquired a new position in Archer Daniels Midland during the 4th quarter worth $225,928,000. Stephens Inc. AR boosted its position in Archer Daniels Midland by 59.9% during the 4th quarter. Stephens Inc. AR now owns 37,292 shares of the company’s stock worth $1,528,000 after acquiring an additional 13,964 shares during the period. Finally, Icon Advisers Inc. Co. acquired a new position in Archer Daniels Midland during the 4th quarter worth $360,000. Institutional investors own 77.95% of the company’s stock.
ADM has been the subject of a number of analyst reports. Stifel Nicolaus upgraded 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. Credit Suisse Group set a $46.00 price target on Archer Daniels Midland and gave the stock a “neutral” rating in a research report on Wednesday, January 23rd. Zacks Investment Research lowered Archer Daniels Midland from a “buy” rating to a “hold” rating in a report on Friday, February 8th. BMO Capital Markets upgraded Archer Daniels Midland from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $50.00 to $51.00 in a report on Monday, April 29th. Finally, ValuEngine lowered Archer Daniels Midland from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Archer Daniels Midland has an average rating of “Buy” and a consensus target price of $50.78.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.16). The firm had revenue of $15.30 billion during the quarter, compared to analyst estimates of $16.19 billion. Archer Daniels Midland had a net margin of 2.57% and a return on equity of 9.83%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. Equities analysts anticipate that Archer Daniels Midland Co will post 3.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 3.29%. Archer Daniels Midland’s dividend payout ratio (DPR) is 40.00%.
In related news, CFO Ray G. Young bought 6,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were bought at an average cost of $42.76 per share, with a total value of $256,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Juan R. Luciano bought 23,657 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were bought at an average cost of $42.30 per share, for a total transaction of $1,000,691.10. Following the completion of the transaction, the chief executive officer now directly owns 569,152 shares of the company’s stock, valued at $24,075,129.60. The disclosure for this purchase can be found here. Corporate insiders own 1.11% of the company’s stock.
Archer Daniels Midland Profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
Further Reading: Rule of 72
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