BlackRock Inc. Has $1.68 Billion Position in Archer Daniels Midland Co (ADM)

BlackRock Inc. decreased its stake in shares of Archer Daniels Midland Co (NYSE:ADM) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,947,068 shares of the company’s stock after selling 824,162 shares during the quarter. BlackRock Inc. owned about 0.08% of Archer Daniels Midland worth $1,681,236,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ADM. Ffcm LLC lifted its position in 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 buying an additional 1,424 shares in the last quarter. Acropolis Investment Management LLC lifted its position in 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 buying an additional 3,059 shares in the last quarter. Sun Life Financial INC purchased a new position in Archer Daniels Midland during the third quarter worth approximately $147,000. Fieldpoint Private Securities LLC purchased a new position in Archer Daniels Midland during the third quarter worth approximately $188,000. Finally, DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Archer Daniels Midland during the third quarter worth approximately $202,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

Shares of Archer Daniels Midland Co (ADM) opened at $43.13 on Monday. Archer Daniels Midland Co has a 1 year low of $38.59 and a 1 year high of $47.44. The company has a quick ratio of 0.91, a current ratio of 9.60 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $24,120.00, a price-to-earnings ratio of 20.25 and a beta of 1.11.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 6th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.12. The company had revenue of $16.07 billion for the quarter, compared to the consensus estimate of $16.64 billion. Archer Daniels Midland had a return on equity of 7.91% and a net margin of 2.62%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. equities research analysts expect that Archer Daniels Midland Co will post 2.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, February 16th. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.32. Archer Daniels Midland’s payout ratio is currently 60.09%.

ADM has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on Archer Daniels Midland from $47.00 to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Monness Crespi & Hardt assumed coverage on Archer Daniels Midland in a research report on Tuesday, October 24th. They issued a “sell” rating and a $38.00 target price on the stock. Zacks Investment Research upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Stifel Nicolaus reduced their target price on Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Finally, BMO Capital Markets reduced their target price on Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $42.97.

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

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