FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in shares of Archer-Daniels-Midland Firm (NYSE:ADM – Get Score) by 73.2% throughout the third quarter, based on its most up-to-date Type 13F submitting with the Securities and Change Fee (SEC). The fund owned 6,529 shares of the corporate’s inventory after shopping for an extra 2,760 shares throughout the interval. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Archer-Daniels-Midland have been price $525,000 on the finish of the latest reporting interval.
Different institutional buyers additionally just lately modified their holdings of the corporate. Voya Funding Administration LLC boosted its place in shares of Archer-Daniels-Midland by 12.1% throughout the second quarter. Voya Funding Administration LLC now owns 299,325 shares of the corporate’s inventory valued at $23,228,000 after shopping for an extra 32,336 shares over the last quarter. Financial institution of New Hampshire lifted its holdings in Archer-Daniels-Midland by 140.0% within the second quarter. Financial institution of New Hampshire now owns 480 shares of the corporate’s inventory valued at $37,000 after buying an extra 280 shares throughout the interval. Wealthfront Advisers LLC lifted its holdings in Archer-Daniels-Midland by 5.9% within the second quarter. Wealthfront Advisers LLC now owns 51,259 shares of the corporate’s inventory valued at $3,978,000 after buying an extra 2,874 shares throughout the interval. Sequoia Monetary Advisors LLC lifted its holdings in Archer-Daniels-Midland by 17.2% within the second quarter. Sequoia Monetary Advisors LLC now owns 3,602 shares of the corporate’s inventory valued at $280,000 after buying an extra 529 shares throughout the interval. Lastly, J.W. Cole Advisors Inc. lifted its holdings in Archer-Daniels-Midland by 14.1% within the second quarter. J.W. Cole Advisors Inc. now owns 19,213 shares of the corporate’s inventory valued at $1,491,000 after buying an extra 2,371 shares throughout the interval. 78.23% of the inventory is owned by hedge funds and different institutional buyers.
Wall Road Analysts Forecast Development
Various analysis analysts have weighed in on ADM shares. Stifel Nicolaus elevated their goal worth on Archer-Daniels-Midland from $114.00 to $116.00 in a report on Tuesday, January third. UBS Group started protection on Archer-Daniels-Midland in a analysis notice on Tuesday, December thirteenth. They issued a “purchase” ranking and a $115.00 worth goal on the inventory. Financial institution of America decreased their worth goal on Archer-Daniels-Midland from $104.00 to $100.00 and set a “impartial” ranking on the inventory in a analysis notice on Monday, October twenty fourth. Robert W. Baird raised their worth goal on Archer-Daniels-Midland from $94.00 to $98.00 and gave the inventory an “outperform” ranking in a analysis notice on Wednesday, October twenty sixth. Lastly, StockNews.com raised Archer-Daniels-Midland from a “purchase” ranking to a “strong-buy” ranking in a analysis notice on Tuesday, December twentieth. Two analysts have rated the inventory with a maintain ranking, seven have issued a purchase ranking and one has assigned a robust purchase ranking to the corporate. In accordance with MarketBeat, Archer-Daniels-Midland presently has a consensus ranking of “Reasonable Purchase” and a median worth goal of $103.00.
Archer-Daniels-Midland Inventory Up 1.2 %
Shares of ADM opened at $88.40 on Friday. The enterprise’s 50 day shifting common is $92.77 and its 200 day shifting common is $87.19. The corporate has a market capitalization of $48.56 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of two.18 and a beta of 0.85. Archer-Daniels-Midland Firm has a 12-month low of $65.64 and a 12-month excessive of $98.88. The corporate has a present ratio of 1.51, a fast ratio of 0.93 and a debt-to-equity ratio of 0.32.
Archer-Daniels-Midland (NYSE:ADM – Get Score) final issued its earnings outcomes on Tuesday, October twenty fifth. The corporate reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.44. The corporate had income of $24.68 billion for the quarter, in comparison with the consensus estimate of $22.21 billion. Archer-Daniels-Midland had a return on fairness of 17.75% and a internet margin of 4.16%. The agency’s quarterly income was up 21.4% on a year-over-year foundation. Throughout the identical quarter final 12 months, the corporate earned $0.97 EPS. Analysis analysts count on that Archer-Daniels-Midland Firm will submit 7.48 earnings per share for the present fiscal 12 months.
Archer-Daniels-Midland Broadcasts Dividend
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Wednesday, December seventh. Shareholders of file on Wednesday, November sixteenth have been paid a $0.40 dividend. This represents a $1.60 dividend on an annualized foundation and a yield of 1.81%. The ex-dividend date of this dividend was Tuesday, November fifteenth. Archer-Daniels-Midland’s payout ratio is 22.07%.
Insiders Place Their Bets
In different Archer-Daniels-Midland information, CEO Juan R. Luciano bought 300,000 shares of Archer-Daniels-Midland inventory in a transaction that occurred on Wednesday, October twenty sixth. The inventory was bought at a median worth of $93.38, for a complete worth of $28,014,000.00. Following the sale, the chief government officer now owns 412,842 shares of the corporate’s inventory, valued at roughly $38,551,185.96. The transaction was disclosed in a submitting with the SEC, which is accessible by this hyperlink. In different Archer-Daniels-Midland information, SVP D Cameron Findlay bought 26,198 shares of Archer-Daniels-Midland inventory in a transaction that occurred on Monday, December twelfth. The inventory was bought at a median worth of $92.64, for a complete worth of $2,426,982.72. Following the sale, the senior vice chairman now owns 284,987 shares of the corporate’s inventory, valued at roughly $26,401,195.68. The transaction was disclosed in a submitting with the SEC, which is accessible by this hyperlink. Additionally, CEO Juan R. Luciano bought 300,000 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, October twenty sixth. The shares have been bought at a median worth of $93.38, for a complete worth of $28,014,000.00. Following the transaction, the chief government officer now straight owns 412,842 shares within the firm, valued at roughly $38,551,185.96. The disclosure for this sale might be discovered right here. Insiders have bought a complete of 352,396 shares of firm inventory valued at $32,972,495 within the final quarter. 1.20% of the inventory is at the moment owned by insiders.
About Archer-Daniels-Midland
(Get Score)
Archer-Daniels-Midland Firm procures, transports, shops, processes, and merchandises agricultural commodities, merchandise, and elements in the USA, Switzerland, Cayman Islands, Brazil, Mexico, the UK, and internationally. The corporate operates by three segments: Ag Providers and Oilseeds, Carbohydrate Options, and Vitamin.
Additional Studying
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