Stifel Financial Corp Increases Stake in Archer Daniels Midland Co (ADM)

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Stifel Financial Corp lifted its holdings in Archer Daniels Midland Co (NYSE:ADM) by 42.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,595 shares of the company’s stock after purchasing an additional 95,258 shares during the quarter. Stifel Financial Corp owned 0.06% of Archer Daniels Midland worth $13,006,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Archer Daniels Midland by 5.1% during the third quarter. Vanguard Group Inc. now owns 43,289,494 shares of the company’s stock worth $2,176,164,000 after buying an additional 2,102,814 shares during the last quarter. F&V Capital Management LLC increased its holdings in Archer Daniels Midland by 57.1% during the fourth quarter. F&V Capital Management LLC now owns 148,300 shares of the company’s stock worth $6,076,000 after buying an additional 53,880 shares during the last quarter. CIBC World Markets Inc. acquired a new position in Archer Daniels Midland during the third quarter worth $643,000. Pensionfund DSM Netherlands acquired a new position in Archer Daniels Midland during the fourth quarter worth $1,954,000. Finally, Icon Advisers Inc. Co. acquired a new position in Archer Daniels Midland during the fourth quarter worth $360,000. 77.20% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ADM opened at $43.18 on Friday. Archer Daniels Midland Co has a one year low of $39.16 and a one year high of $52.06. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 12.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.75.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 5th. The company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.04). Archer Daniels Midland had a net margin of 2.81% and a return on equity of 10.51%. The company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $16.83 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Archer Daniels Midland’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts predict that Archer Daniels Midland Co will post 3.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 19th were issued a $0.35 dividend. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Friday, February 15th. Archer Daniels Midland’s payout ratio is currently 40.00%.

In related news, Director Donald E. Felsinger acquired 60,000 shares of the firm’s stock in a transaction on Thursday, February 7th. The shares were purchased at an average cost of $41.80 per share, for a total transaction of $2,508,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is owned by insiders.

A number of brokerages recently weighed in on ADM. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a report on Tuesday, January 8th. Credit Suisse Group set a $46.00 target price on shares of Archer Daniels Midland and gave the stock a “neutral” rating in a report on Wednesday, January 23rd. Finally, Stifel Nicolaus upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $41.40 target price on the stock in a report on Friday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $49.71.

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

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