Retirement Network Takes $33,000 Position in Archer Daniels Midland Co (NYSE:ADM)

Retirement Network acquired a new stake in shares of Archer Daniels Midland Co (NYSE:ADM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 719 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors also recently bought and sold shares of the company. Palisade Asset Management LLC lifted its position in shares of Archer Daniels Midland by 0.7% in the 4th quarter. Palisade Asset Management LLC now owns 31,178 shares of the company’s stock worth $1,445,000 after purchasing an additional 225 shares during the period. Unison Advisors LLC raised its position in shares of Archer Daniels Midland by 0.9% in the 4th quarter. Unison Advisors LLC now owns 27,265 shares of the company’s stock valued at $1,264,000 after purchasing an additional 233 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Archer Daniels Midland by 15.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,865 shares of the company’s stock valued at $77,000 after purchasing an additional 254 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Archer Daniels Midland by 1.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 26,131 shares of the company’s stock valued at $1,072,000 after purchasing an additional 310 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in shares of Archer Daniels Midland by 0.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 38,789 shares of the company’s stock valued at $1,572,000 after purchasing an additional 328 shares during the last quarter. Hedge funds and other institutional investors own 76.79% of the company’s stock.

In other news, SVP Ambrose Michael D sold 6,635 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $46.13, for a total transaction of $306,072.55. Following the completion of the sale, the senior vice president now owns 210,096 shares in the company, valued at $9,691,728.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John P. Stott sold 6,673 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $46.00, for a total value of $306,958.00. Following the sale, the vice president now owns 38,874 shares of the company’s stock, valued at approximately $1,788,204. The disclosure for this sale can be found here. Insiders sold 38,811 shares of company stock valued at $1,811,672 over the last ninety days. 1.11% of the stock is currently owned by corporate insiders.

ADM stock traded down $0.61 during midday trading on Friday, reaching $44.66. The stock had a trading volume of 131,416 shares, compared to its average volume of 2,973,761. The company’s fifty day simple moving average is $45.21 and its 200 day simple moving average is $42.11. The company has a current ratio of 0.99, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The company has a market cap of $25.43 billion, a price-to-earnings ratio of 18.23 and a beta of 1.05. Archer Daniels Midland Co has a 52-week low of $36.45 and a 52-week high of $47.20.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Wednesday, January 29th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.63. The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.31 billion. Archer Daniels Midland had a return on equity of 9.63% and a net margin of 2.13%. Archer Daniels Midland’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. Sell-side analysts predict that Archer Daniels Midland Co will post 3.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 13th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.22%. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, February 12th. Archer Daniels Midland’s dividend payout ratio is 43.21%.

A number of research firms have issued reports on ADM. Monness Crespi & Hardt lowered shares of Archer Daniels Midland from a “neutral” rating to a “sell” rating and set a $38.00 price target for the company. in a research report on Thursday, January 9th. Credit Suisse Group dropped their price target on shares of Archer Daniels Midland from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, October 17th. Zacks Investment Research cut shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating and set a $52.00 price target on the stock. in a research note on Tuesday, February 4th. Finally, Robert W. Baird reissued a “buy” rating and issued a $48.00 price target on shares of Archer Daniels Midland in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.63.

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. 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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