Archer Daniels Midland (ADM) Shares Bought by Dupont Capital Management Corp

Dupont Capital Management Corp grew its position in Archer Daniels Midland (NYSE:ADM) by 64.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,246 shares of the company’s stock after acquiring an additional 2,452 shares during the period. Dupont Capital Management Corp’s holdings in Archer Daniels Midland were worth $271,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Hermes Investment Management Ltd. raised its stake in shares of Archer Daniels Midland by 6.1% in the fourth quarter. Hermes Investment Management Ltd. now owns 20,950 shares of the company’s stock valued at $840,000 after acquiring an additional 1,200 shares during the last quarter. First Manhattan Co. increased its holdings in shares of Archer Daniels Midland by 23.3% in the fourth quarter. First Manhattan Co. now owns 6,609 shares of the company’s stock valued at $264,000 after purchasing an additional 1,251 shares in the last quarter. Ffcm LLC increased its holdings in shares of Archer Daniels Midland by 126.4% in the fourth quarter. Ffcm LLC now owns 2,551 shares of the company’s stock valued at $102,000 after purchasing an additional 1,424 shares in the last quarter. Resources Investment Advisors Inc. increased its holdings in shares of Archer Daniels Midland by 17.3% in the fourth quarter. Resources Investment Advisors Inc. now owns 11,242 shares of the company’s stock valued at $450,000 after purchasing an additional 1,657 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Archer Daniels Midland by 188.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock valued at $102,000 after purchasing an additional 1,668 shares in the last quarter. Institutional investors own 78.03% of the company’s stock.

ADM opened at $44.41 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.57 and a quick ratio of 0.83. Archer Daniels Midland has a 52 week low of $44.17 and a 52 week high of $44.72. The firm has a market cap of $24.84 billion, a price-to-earnings ratio of 18.28 and a beta of 1.01.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, May 1st. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.21. Archer Daniels Midland had a net margin of 2.69% and a return on equity of 7.96%. The firm had revenue of $15.53 billion during the quarter, compared to analyst estimates of $15.35 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. equities analysts expect that Archer Daniels Midland will post 3 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th will be issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Wednesday, May 16th. Archer Daniels Midland’s dividend payout ratio is presently 55.14%.

In other Archer Daniels Midland news, insider Ambrose Michael D sold 20,762 shares of Archer Daniels Midland stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $45.00, for a total transaction of $934,290.00. Following the completion of the sale, the insider now owns 219,384 shares of the company’s stock, valued at approximately $9,872,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is currently owned by insiders.

A number of analysts recently weighed in on ADM shares. Buckingham Research raised their price target on shares of Archer Daniels Midland from $47.00 to $53.00 and gave the company a “buy” rating in a report on Monday, April 9th. Goldman Sachs raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their price target for the company from $43.30 to $50.00 in a report on Monday, March 12th. Zacks Investment Research raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Wednesday, March 7th. Citigroup raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their price target for the company from $42.72 to $49.00 in a report on Tuesday, March 6th. Finally, Vertical Group raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Thursday, February 15th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $45.56.

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. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

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

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