Bearing Point Capital LLC Acquires Shares of 190,000 Archer-Daniels-Midland Company (NYSE:ADM)

Bearing Point Capital LLC bought a new position in Archer-Daniels-Midland Company (NYSE:ADM) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 190,000 shares of the company’s stock, valued at approximately $9,599,000. Archer-Daniels-Midland comprises approximately 2.0% of Bearing Point Capital LLC’s portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Archer-Daniels-Midland by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company’s stock valued at $3,150,390,000 after buying an additional 706,567 shares during the period. Wellington Management Group LLP lifted its position in Archer-Daniels-Midland by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock valued at $1,068,626,000 after acquiring an additional 1,722,428 shares during the period. Geode Capital Management LLC boosted its stake in Archer-Daniels-Midland by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company’s stock worth $590,305,000 after acquiring an additional 247,647 shares in the last quarter. Northern Trust Corp grew its holdings in Archer-Daniels-Midland by 2.6% in the fourth quarter. Northern Trust Corp now owns 11,035,011 shares of the company’s stock worth $557,489,000 after purchasing an additional 275,792 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after purchasing an additional 2,296,193 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ADM. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Barclays cut their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Bank of America raised Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and lowered their price target for the stock from $48.00 to $47.00 in a research report on Tuesday, April 15th. Stephens dropped their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Citigroup reduced their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $52.75.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $47.82 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The firm has a market cap of $22.94 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. The business has a 50-day simple moving average of $46.88 and a two-hundred day simple moving average of $49.84. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. On average, analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.51 dividend. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 56.51%.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.