Cambridge Financial Group Inc. decreased its stake in Archer Daniels Midland Co (NYSE:ADM) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,673 shares of the company’s stock after selling 20,286 shares during the quarter. Archer Daniels Midland accounts for about 3.4% of Cambridge Financial Group Inc.’s portfolio, making the stock its 12th largest position. Cambridge Financial Group Inc.’s holdings in Archer Daniels Midland were worth $5,354,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Alpha Omega Wealth Management LLC acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth about $25,000. Cedar Wealth Management LLC acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth about $25,000. We Are One Seven LLC acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth about $27,000. Cordasco Financial Network raised its position in shares of Archer Daniels Midland by 32.0% during the fourth quarter. Cordasco Financial Network now owns 1,056 shares of the company’s stock worth $43,000 after purchasing an additional 256 shares during the period. Finally, Atlas Capital Advisors LLC raised its position in shares of Archer Daniels Midland by 17.3% during the fourth quarter. Atlas Capital Advisors LLC now owns 1,584 shares of the company’s stock worth $65,000 after purchasing an additional 234 shares during the period. 75.82% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:ADM opened at $41.85 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. The stock has a market cap of $24.94 billion, a P/E ratio of 17.22 and a beta of 0.98. Archer Daniels Midland Co has a 52-week low of $39.16 and a 52-week high of $52.06.
Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.04). The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $16.83 billion. Archer Daniels Midland had a return on equity of 10.45% and a net margin of 3.54%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. On average, research analysts predict that Archer Daniels Midland Co will post 3.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 19th will be issued a dividend of $0.35 per share. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.35%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 55.14%.
ADM has been the topic of a number of research analyst reports. Zacks Investment Research lowered Archer Daniels Midland from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Credit Suisse Group set a $46.00 price target on Archer Daniels Midland and gave the stock a “neutral” rating in a research report on Wednesday, January 23rd. Finally, Argus raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Thursday, November 8th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.36.
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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.
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