Public Employees Retirement Association of Colorado Has $4.14 Million Stake in Archer Daniels Midland Co (ADM)
Public Employees Retirement Association of Colorado increased its stake in Archer Daniels Midland Co (NYSE:ADM) by 3.5% during the 4th quarter, HoldingsChannel reports. The fund owned 103,404 shares of the company’s stock after purchasing an additional 3,514 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Archer Daniels Midland were worth $4,144,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acropolis Investment Management LLC raised its stake in shares of Archer Daniels Midland by 1,923.9% in the fourth quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock valued at $129,000 after acquiring an additional 3,059 shares in the last quarter. Sun Life Financial INC acquired a new stake in shares of Archer Daniels Midland in the third quarter valued at $147,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Archer Daniels Midland in the third quarter valued at $188,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Archer Daniels Midland in the third quarter valued at $202,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Archer Daniels Midland in the third quarter valued at $212,000. Institutional investors and hedge funds own 76.33% of the company’s stock.
Several research firms recently commented on ADM. Zacks Investment Research raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Friday. Robert W. Baird increased their target price on Archer Daniels Midland from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday. Stephens raised Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a report on Wednesday. Monness Crespi & Hardt began coverage on Archer Daniels Midland in a report on Tuesday, October 24th. They issued a “sell” rating and a $38.00 target price on the stock. Finally, Stifel Nicolaus dropped their target price on Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.22.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.12. The company had revenue of $16.07 billion for the quarter, compared to analyst estimates of $16.64 billion. Archer Daniels Midland had a return on equity of 7.91% and a net margin of 2.62%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. sell-side analysts forecast that Archer Daniels Midland Co will post 2.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.335 per share. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.34 annualized dividend and a dividend yield of 3.23%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 45.71%.
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Archer Daniels Midland Company 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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