Eagle Strategies LLC Acquires Shares of 5,237 Archer-Daniels-Midland Company (NYSE:ADM)

Eagle Strategies LLC purchased a new position in Archer-Daniels-Midland Company (NYSE:ADMGet Rating) during the fourth quarter, HoldingsChannel reports. The firm purchased 5,237 shares of the company’s stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital World Investors grew its stake in Archer-Daniels-Midland by 14.5% in the third quarter. Capital World Investors now owns 39,679,197 shares of the company’s stock valued at $2,381,149,000 after purchasing an additional 5,015,058 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Archer-Daniels-Midland by 35.4% in the third quarter. Invesco Ltd. now owns 4,669,698 shares of the company’s stock worth $280,228,000 after acquiring an additional 1,219,620 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Archer-Daniels-Midland by 43.2% during the third quarter. Goldman Sachs Group Inc. now owns 3,671,027 shares of the company’s stock worth $220,298,000 after buying an additional 1,106,772 shares during the period. Franklin Resources Inc. increased its stake in shares of Archer-Daniels-Midland by 29.4% in the third quarter. Franklin Resources Inc. now owns 3,364,018 shares of the company’s stock worth $201,874,000 after acquiring an additional 763,846 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Archer-Daniels-Midland by 7.4% during the third quarter. Geode Capital Management LLC now owns 10,540,635 shares of the company’s stock worth $631,196,000 after buying an additional 723,358 shares in the last quarter. Institutional investors and hedge funds own 75.38% of the company’s stock.

In other news, SVP Gregory A. Morris sold 20,000 shares of Archer-Daniels-Midland stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $83.37, for a total transaction of $1,667,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

A number of analysts recently issued reports on ADM shares. Credit Suisse Group raised their price objective on shares of Archer-Daniels-Midland from $80.00 to $92.00 in a report on Wednesday, April 27th. Zacks Investment Research lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $98.00 target price on the stock. in a research note on Tuesday, March 29th. Stifel Nicolaus boosted their price objective on Archer-Daniels-Midland from $80.00 to $100.00 in a research report on Wednesday, April 6th. The Goldman Sachs Group raised their price target on Archer-Daniels-Midland from $79.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, March 16th. Finally, Robert W. Baird boosted their price target on Archer-Daniels-Midland from $73.00 to $108.00 in a research note on Wednesday, April 27th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $84.38.

ADM traded down $1.21 during trading on Thursday, reaching $83.33. 141,745 shares of the company’s stock were exchanged, compared to its average volume of 4,203,177. The company has a current ratio of 1.42, a quick ratio of 0.81 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average price of $89.86 and a two-hundred day moving average price of $77.00. Archer-Daniels-Midland Company has a one year low of $56.91 and a one year high of $98.88. The stock has a market capitalization of $46.89 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 2.28 and a beta of 0.75.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.55. Archer-Daniels-Midland had a return on equity of 14.40% and a net margin of 3.42%. The business had revenue of $23.65 billion during the quarter, compared to analyst estimates of $20.61 billion. During the same quarter in the previous year, the firm earned $1.39 EPS. Archer-Daniels-Midland’s revenue was up 25.2% on a year-over-year basis. Sell-side analysts expect that Archer-Daniels-Midland Company will post 5.99 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 8th. Investors of record on Wednesday, May 18th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.92%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 29.47%.

Archer-Daniels-Midland Company Profile (Get Rating)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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

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