Illinois Municipal Retirement Fund expanded its position in Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) by 9.5% in the fourth quarter, according to the company’s latest filing with the Securities and Exchange Commission (SEC). It became clear. The fund owned 172,069 shares of the company after purchasing an additional 14,945 of his shares during the period. The Illinois Municipal Retirement Fund’s holdings in Archer-Daniels-Midland were valued at $15,977,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares in the company. Guardian Wealth Advisors LLC increased its position in Archer-Daniels-Midland by 354.3% in the fourth quarter. Guardian Wealth Advisors LLC now owns 3,612 shares worth $335,000 after purchasing an additional 2,817 of his shares during the previous quarter. Securian Asset Management Inc. increased its position in Archer-Daniels-Midland by 0.6% in the fourth quarter. Securian Asset Management Inc. now owns 45,785 shares worth $4,251,000 after purchasing an additional 265 shares during the previous quarter. Capital Investment Advisory Services LLC won a new job in Archer-Daniels-Midland worth approximately $220,000 in the fourth quarter. Navellier & Associates Inc. increased his position in Archer-Daniels-Midland by 3.5% in the fourth quarter. Navellier & Associates Inc. now owns 156,108 shares worth $14,495,000 after purchasing an additional 5,348 shares during the previous quarter. Finally, Simplicity Solutions LLC increased its Archer-Daniels-Midland shareholding by 12.7% in the fourth quarter. Simplicity Solutions LLC now owns 6,182 shares worth $574,000 after acquiring an additional 699 shares during the previous quarter. 78.23% of the shares are owned by institutional investors and hedge funds.
Archer Daniels Midland Stock Performance
NYSE:ADM fell $0.21 to reach $80.79 in intraday trading on Friday. His 577,855 shares of the company’s stock were hand traded, while the average trading volume was his 3,147,646 shares. The company has a 50-day moving average of $79.75 and a 200-day moving average of $86.56. The company has a current ratio of 1.46, a quick ratio of 0.85 and a debt to equity ratio of 0.32. The Archer-Daniels-Midland Company has a 12-month low of $70.02 and a 12-month high of $98.28. The company has a market capitalization of $44.15 billion, a price/earnings ratio of 10.51, a price/earnings ratio of 1.92 and a beta of 0.80.
Archer-Daniels-Midland (NYSE:ADM – Get Rating) last reported quarterly earnings data on Thursday, January 26. The company reported EPS of $1.93 for the quarter, beating analyst consensus expectations of $1.64 by $0.29. Archer-Daniels-Midland had a return on equity of 18.32% and a net profit margin of 4.26%. The company posted revenue of $26.23 billion for the quarter, compared to consensus expectations of $25.37 billion. During the same quarter last year, the company earned his EPS of $1.50. The company’s quarterly revenue increased 13.6% year-over-year. On average, equity analysts forecast that the Archer-Daniels-Midland Company’s earnings per share for the current fiscal year will be 6.72.
Archer Daniels Midland Increases Dividend
The company also recently announced its quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Thursday, February 9 were awarded a dividend of $0.45. The ex-dividend date for this dividend was Wednesday, February 8. This represents his $1.80 dividend and his 2.23% dividend yield on an annual basis. This is up from Archer-Daniels-Midland’s previous quarterly dividend of $0.40. Archer-Daniels-Midland currently has a dividend payout ratio (DPR) of 23.35%.
Wall Street analyst opinion
A number of research analysts have recently commented on the ADM stock. Morgan Stanley lowered its price target for Archer Daniels Midland from $94.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, April 13. Stifel Nicolaus raised his target price for Archer-Daniels-Midland from his $114.00 to his $116.00 in a report on Tuesday, January 3rd. BMO Capital Markets began covering his Archer-Daniels-Midland in a report on Thursday, April 13th. They set an “outperform” rating and a $100.00 stock price target. JPMorgan Chase & Co. lowered its price target for Archer Daniels Midland to $85.00 from $87.00, giving the stock a “neutral” rating in a report on Wednesday, April 12. Finally, StockNews.com began covering Archer-Daniels-Midland in his Thursday, March 16 investigative note. They set a “buy” rating for the company. Three investment analysts have placed a hold rating on the stock and seven have issued a buy rating on the company. Based on MarketBeat data, the stock currently has an average rating of ‘moderate buy’ with a consensus price target of $100.30.
Profile of Archer Daniels Midland
Archer-Daniels-Midland Co is engaged in the production of oilseeds, corn, wheat, cocoa and other agricultural products. It operates through Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition and Other segments. The Agricultural Services and Oilseeds segment includes activities related to the procurement, commercialization, transportation and storage of agricultural raw materials and oilseeds such as soybean and soft seed cottonseeds, sunflower seeds, canola, rapeseed and flaxseed. Includes crushing and further processing. Vegetable oil and protein diet.
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