Santori & Peters Inc. bought a new position in Archer Daniels Midland Co (NYSE:ADM) in the fourth quarter, HoldingsChannel reports. The fund bought 4,396 shares of the company’s stock, valued at approximately $203,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of ADM. LPL Financial LLC increased its holdings in Archer Daniels Midland by 0.6% in the 2nd quarter. LPL Financial LLC now owns 108,300 shares of the company’s stock worth $4,419,000 after purchasing an additional 635 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Archer Daniels Midland by 19.3% in the 2nd quarter. Renaissance Technologies LLC now owns 641,634 shares of the company’s stock worth $26,179,000 after purchasing an additional 103,634 shares in the last quarter. Natixis Advisors L.P. increased its holdings in Archer Daniels Midland by 6.6% in the 2nd quarter. Natixis Advisors L.P. now owns 170,463 shares of the company’s stock worth $6,955,000 after purchasing an additional 10,608 shares in the last quarter. IHT Wealth Management LLC acquired a new position in Archer Daniels Midland in the 2nd quarter worth about $267,000. Finally, D.A. Davidson & CO. increased its holdings in Archer Daniels Midland by 21.6% in the 2nd quarter. D.A. Davidson & CO. now owns 11,279 shares of the company’s stock worth $460,000 after purchasing an additional 2,006 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.
In other news, VP John P. Stott sold 6,673 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $46.00, for a total value of $306,958.00. Following the completion of the sale, the vice president now owns 38,874 shares of the company’s stock, valued at $1,788,204. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John P. Stott sold 2,500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $42.66, for a total value of $106,650.00. Following the completion of the sale, the vice president now directly owns 32,201 shares of the company’s stock, valued at approximately $1,373,694.66. The disclosure for this sale can be found here. In the last three months, insiders sold 34,676 shares of company stock valued at $1,612,249. Insiders own 1.11% of the company’s stock.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.10. The company had revenue of $16.73 billion during the quarter, compared to analysts’ expectations of $16.18 billion. Archer Daniels Midland had a return on equity of 8.06% and a net margin of 1.85%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Equities research analysts predict that Archer Daniels Midland Co will post 2.56 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were paid a $0.35 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.40 annualized dividend and a dividend yield of 3.20%. Archer Daniels Midland’s payout ratio is 40.00%.
A number of brokerages have issued reports on ADM. Stephens began coverage on Archer Daniels Midland in a report on Monday, October 7th. They issued an “overweight” rating and a $50.00 target price for the company. ValuEngine raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Credit Suisse Group lowered their target price on Archer Daniels Midland from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. Finally, Monness Crespi & Hardt cut Archer Daniels Midland from a “neutral” rating to a “sell” rating and set a $38.00 target price for the company. in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Archer Daniels Midland currently has a consensus rating of “Hold” and an average price target of $47.00.
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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