Cetera Advisors LLC bought a new stake in Archer Daniels Midland Co (NYSE:ADM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,689 shares of the company’s stock, valued at approximately $202,000.
Several other large investors have also recently bought and sold shares of ADM. BlackRock Inc. grew its stake in Archer Daniels Midland by 1.2% during the fourth quarter. BlackRock Inc. now owns 44,393,781 shares of the company’s stock valued at $1,818,813,000 after acquiring an additional 531,063 shares in the last quarter. Vanguard Group Inc grew its position in shares of Archer Daniels Midland by 5.1% in the third quarter. Vanguard Group Inc now owns 43,289,494 shares of the company’s stock valued at $2,176,164,000 after purchasing an additional 2,102,814 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Archer Daniels Midland by 0.7% in the fourth quarter. Macquarie Group Ltd. now owns 15,043,731 shares of the company’s stock valued at $616,342,000 after purchasing an additional 106,472 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Archer Daniels Midland by 5,202.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,380,310 shares of the company’s stock valued at $327,000 after purchasing an additional 13,127,969 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Archer Daniels Midland by 6.8% in the fourth quarter. Northern Trust Corp now owns 12,188,015 shares of the company’s stock valued at $499,343,000 after purchasing an additional 775,067 shares during the last quarter. Institutional investors own 76.09% of the company’s stock.
In other Archer Daniels Midland news, CEO Juan R. Luciano purchased 23,657 shares of the business’s stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $42.30 per share, for a total transaction of $1,000,691.10. Following the completion of the purchase, the chief executive officer now directly owns 569,152 shares in the company, valued at $24,075,129.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ray G. Young purchased 6,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were acquired at an average price of $42.76 per share, with a total value of $256,560.00. The disclosure for this purchase can be found here. 1.11% of the stock is owned by company insiders.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.16). Archer Daniels Midland had a net margin of 2.57% and a return on equity of 9.83%. The business had revenue of $15.30 billion during the quarter, compared to analyst estimates of $16.19 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts predict that Archer Daniels Midland Co will post 3.17 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Tuesday, May 14th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 40.00%.
Several research analysts have commented on ADM shares. Zacks Investment Research lowered shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a report on Friday, March 29th. ValuEngine downgraded Archer Daniels Midland from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. BMO Capital Markets upgraded Archer Daniels Midland from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $50.00 to $51.00 in a research note on Monday, April 29th. Robert W. Baird restated an “outperform” rating and set a $48.00 price target (down previously from $54.00) on shares of Archer Daniels Midland in a research note on Monday, April 29th. Finally, Stifel Nicolaus lifted their target price on Archer Daniels Midland from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $50.78.
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Archer Daniels Midland Company 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.
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