FUKOKU MUTUAL LIFE INSURANCE Co increased its holding in shares of Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) by 73.2% in the third quarter, as indicated by its recent filing on Form 13F with the Securities and Exchange Commission ( SEC) emerges. . The fund owned 6,529 shares of the company after purchasing an additional 2,760 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co.’s investments in Archer-Daniels-Midland were valued at $525,000 at the end of the last reporting period.
Other institutional investors have also recently changed their holdings in the company. Voya Investment Management LLC increased its position in shares of Archer-Daniels-Midland by 12.1% in the second quarter. Voya Investment Management LLC now owns 299,325 shares of the company’s stock valued at $23,228,000 after purchasing an additional 32,336 shares last quarter. The Bank of New Hampshire increased its stake in Archer-Daniels-Midland by 140.0% in the second quarter. The Bank of New Hampshire now owns 480 shares of the company, valued at $37,000, having purchased an additional 280 shares during the period. Wealthfront Advisers LLC increased its stake in Archer-Daniels-Midland by 5.9% in the second quarter. Wealthfront Advisers LLC now owns 51,259 shares of the company’s shares valued at $3,978,000 after purchasing an additional 2,874 shares during the period. Sequoia Financial Advisors LLC increased its stake in Archer-Daniels-Midland by 17.2% in the second quarter. Sequoia Financial Advisors LLC now owns 3,602 shares of the company’s stock valued at $280,000, having purchased an additional 529 shares during the period. Finally, JW Cole Advisors Inc. increased its stake in Archer-Daniels-Midland by 14.1% during the second quarter. JW Cole Advisors Inc. now owns 19,213 shares of the Company’s stock valued at $1,491,000, having purchased an additional 2,371 shares during the period. 78.23% of the shares are owned by hedge funds and other institutional investors.
Wall Street analysts forecast growth
A number of research analysts have rated ADM stock. Stifel Nicolaus increased his price target on Archer-Daniels-Midland to $116.00 from $114.00 in a report on Tuesday, January 3rd. UBS Group began reporting on Archer-Daniels-Midland in a research note on Tuesday, December 13. They issued a buy rating and a price target of $115.00 on the stock. Bank of America lowered its target price on Archer-Daniels-Midland to $100.00 from $104.00 and gave the stock a “neutral” rating in a research note on Monday, October 24. Robert W. Baird raised his target price on Archer-Daniels-Midland to $98.00 from $94.00 and rated the stock “Outperform” in a research note on Wednesday, October 26. Finally, StockNews.com raised Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 20th. Two analysts have rated the stock with a hold rating, seven with a buy rating and one with a strong buy rating on the company. According to MarketBeat, Archer-Daniels-Midland currently has a consensus rating of Moderate Buy and an average target price of $103.00.
Archer-Daniels-Midland shares up 1.2%
ADM shares opened at $88.40 on Friday. The company’s 50-day moving average is $92.77 and its 200-day moving average is $87.19. The company has a market cap of $48.56 billion, a P/E of 12.19, a price-to-earnings-to-growth ratio of 2.18 and a beta of 0.85. The Archer-Daniels-Midland Company has a 12-month low of $65.64 and a 12-month high of $98.88. The company has a current ratio of 1.51, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.
Archer-Daniels-Midland (NYSE:ADM – Get Rating) last reported its earnings results on Tuesday, October 25th. The company reported earnings per share (EPS) of $1.86 for the quarter, beating the consensus estimate of $1.42 by $0.44. The company had revenue of $24.68 billion for the quarter, compared to the consensus estimate of $22.21 billion. Archer-Daniels-Midland had a return on equity of 17.75% and a net margin of 4.16%. The company’s quarterly revenue rose 21.4% year over year. In the same quarter last year, the company earned $0.97 per share. Research analysts expect Archer-Daniels-Midland Company to report earnings per share of 7.48 for the current fiscal year.
Archer-Daniels-Midland announces dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 7th. A dividend of $0.40 was paid to shareholders of record on Wednesday, November 16th. That equates to an annual dividend of $1.60 and a yield of 1.81%. The ex-dividend date of this dividend was Tuesday November 15th. The RTP of Archer-Daniels-Midland is 22.07%.
Insiders place their bets
In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 300,000 shares of Archer-Daniels-Midland in a transaction that took place on Wednesday, October 26th. The stock sold at an average price of $93.38 for a total value of $28,014,000.00. Following the sale, the Chief Executive Officer now owns 412,842 shares of the Company, valued at approximately $38,551,185.96. The transaction was disclosed in a filing with the SEC, available at this hyperlink. In other Archer-Daniels-Midland news, SVP D Cameron Findlay sold 26,198 shares of Archer-Daniels-Midland in a transaction that took place on Monday 12th December. The stock sold at an average price of $92.64 for a total value of $2,426,982.72. Following the sale, the senior vice president now owns 284,987 shares of the company’s stock valued at approximately $26,401,195.68. The transaction was disclosed in a filing with the SEC, available at this hyperlink. Also, CEO Juan R. Luciano sold 300,000 shares of the company’s stock in a transaction that took place on Wednesday, October 26th. The shares sold at an average price of $93.38 for a total value of $28,014,000.00. Following the transaction, the Chief Executive Officer now directly owns 412,842 shares of the Company, valued at approximately $38,551,185.96. The disclosure for this sale can be found here. Insiders sold a total of 352,396 shares of the company’s shares during the most recent quarter, valued at $32,972,495. 1.20% of the shares are currently owned by insiders.
About Archer Daniels Midland
Archer-Daniels-Midland Company sources, transports, stores, processes and markets agricultural commodities, products and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, the United Kingdom and internationally. The Company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition.
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