Farringdon Capital Ltd. Makes New $319,000 Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Farringdon Capital Ltd. bought a new position in Archer-Daniels-Midland Company (NYSE:ADM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,313 shares of the company’s stock, valued at approximately $319,000.

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Archer-Daniels-Midland in the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. raised its position in shares of Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter worth $28,000. ST Germain D J Co. Inc. boosted its holdings in Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after acquiring an additional 500 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in Archer-Daniels-Midland in the fourth quarter worth about $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on ADM shares. Barclays cut their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Citigroup reduced their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday. Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets reduced their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Finally, Bank of America upgraded Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and dropped their price objective for the company from $48.00 to $47.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $52.75.

Archer-Daniels-Midland Price Performance

ADM opened at $47.85 on Friday. The stock has a market cap of $22.96 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $46.60 and a 200 day simple moving average of $50.59.

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

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio is 56.51%.

About Archer-Daniels-Midland

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.