CIBC World Markets Inc. Purchases Shares of 102,235 Archer Daniels Midland Co (ADM)

CIBC World Markets Inc. purchased a new position in shares of Archer Daniels Midland Co (NYSE:ADM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 102,235 shares of the company’s stock, valued at approximately $4,434,000.

Other hedge funds have also modified their holdings of the company. BB&T Securities LLC lifted its holdings in shares of Archer Daniels Midland by 17.1% during the fourth quarter. BB&T Securities LLC now owns 21,047 shares of the company’s stock worth $843,000 after buying an additional 3,076 shares during the last quarter. Investors Research Corp acquired a new position in shares of Archer Daniels Midland during the fourth quarter worth approximately $385,000. Geode Capital Management LLC lifted its holdings in shares of Archer Daniels Midland by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 6,283,062 shares of the company’s stock worth $251,328,000 after buying an additional 185,044 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Archer Daniels Midland by 11.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 48,283 shares of the company’s stock worth $1,935,000 after buying an additional 4,941 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Archer Daniels Midland by 15.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,073,276 shares of the company’s stock worth $83,096,000 after buying an additional 278,414 shares during the last quarter. Institutional investors own 75.74% of the company’s stock.

In other Archer Daniels Midland news, insider Ambrose Michael D sold 20,762 shares of the company’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $45.00, for a total value of $934,290.00. Following the sale, the insider now directly owns 219,384 shares in the company, valued at $9,872,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.



A number of analysts have recently issued reports on the company. Zacks Investment Research cut Archer Daniels Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. Citigroup boosted their price objective on Archer Daniels Midland from $53.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 2nd. Monness Crespi & Hardt upgraded Archer Daniels Midland from a “sell” rating to a “neutral” rating in a research report on Wednesday, May 2nd. ValuEngine cut Archer Daniels Midland from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Buckingham Research boosted their price objective on Archer Daniels Midland from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, April 9th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.45.

Shares of NYSE:ADM opened at $46.53 on Friday. Archer Daniels Midland Co has a fifty-two week low of $38.59 and a fifty-two week high of $46.78. The firm has a market capitalization of $25.72 billion, a price-to-earnings ratio of 19.15 and a beta of 1.01. The company has a current ratio of 1.57, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, May 1st. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.21. Archer Daniels Midland had a return on equity of 7.96% and a net margin of 2.69%. The firm had revenue of $15.53 billion for the quarter, compared to analysts’ expectations of $15.35 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. research analysts predict that Archer Daniels Midland Co will post 3.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th were given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Wednesday, May 16th. Archer Daniels Midland’s dividend payout ratio (DPR) is 55.14%.

Archer Daniels Midland Company 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.

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

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