Archer Daniels Midland Co (ADM) Stake Boosted by Burney Co.
Burney Co. raised its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,697 shares of the company’s stock after purchasing an additional 8,317 shares during the period. Burney Co.’s holdings in Archer Daniels Midland were worth $3,876,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Ffcm LLC increased its position in shares of Archer Daniels Midland by 126.4% during the fourth quarter. Ffcm LLC now owns 2,551 shares of the company’s stock worth $102,000 after purchasing an additional 1,424 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Archer Daniels Midland by 188.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock worth $102,000 after purchasing an additional 1,668 shares in the last quarter. Acropolis Investment Management LLC increased its position in shares of Archer Daniels Midland by 1,923.9% during the fourth quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock worth $129,000 after purchasing an additional 3,059 shares in the last quarter. Trustcore Financial Services LLC acquired a new position in shares of Archer Daniels Midland during the fourth quarter worth $130,000. Finally, Sun Life Financial INC acquired a new position in shares of Archer Daniels Midland during the third quarter worth $147,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of Archer Daniels Midland Co (ADM) opened at $42.20 on Friday. The firm has a market cap of $23,600.00, a price-to-earnings ratio of 20.00 and a beta of 1.09. The company has a current ratio of 1.59, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. Archer Daniels Midland Co has a 1-year low of $38.59 and a 1-year high of $46.39.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 3.18%. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 16th. Archer Daniels Midland’s dividend payout ratio is presently 63.51%.
ADM has been the topic of a number of research analyst reports. Buckingham Research raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $41.64 to $47.00 in a report on Wednesday. Vertical Group raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Thursday, February 15th. Zacks Investment Research raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Stifel Nicolaus dropped their price objective on shares of Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. Finally, Robert W. Baird boosted their price objective on shares of Archer Daniels Midland from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.38.
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Archer Daniels Midland Profile
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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