Monument Capital Management Makes New Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Monument Capital Management acquired a new position in Archer-Daniels-Midland Company (NYSE:ADMGet Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,395 shares of the company’s stock, valued at approximately $2,202,000.

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at $402,080,000. Goldman Sachs Group Inc. increased its position in shares of Archer-Daniels-Midland by 26.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,637,646 shares of the company’s stock valued at $313,459,000 after buying an additional 966,619 shares in the last quarter. Capital World Investors increased its position in shares of Archer-Daniels-Midland by 1.7% in the fourth quarter. Capital World Investors now owns 40,362,744 shares of the company’s stock valued at $2,728,118,000 after buying an additional 683,547 shares in the last quarter. American Century Companies Inc. increased its position in shares of Archer-Daniels-Midland by 2,546.3% in the fourth quarter. American Century Companies Inc. now owns 660,234 shares of the company’s stock valued at $44,625,000 after buying an additional 635,285 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Archer-Daniels-Midland by 127.9% in the first quarter. Pacer Advisors Inc. now owns 953,467 shares of the company’s stock valued at $86,060,000 after buying an additional 535,074 shares in the last quarter. Hedge funds and other institutional investors own 75.38% of the company’s stock.

A number of analysts recently commented on the company. Robert W. Baird increased their price objective on Archer-Daniels-Midland from $73.00 to $108.00 in a research note on Wednesday, April 27th. Bank of America lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and raised their price target for the stock from $80.00 to $100.00 in a research note on Tuesday, April 19th. StockNews.com lowered Archer-Daniels-Midland from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 26th. Credit Suisse Group raised their target price on Archer-Daniels-Midland from $80.00 to $92.00 in a report on Wednesday, April 27th. Finally, The Goldman Sachs Group raised their target price on Archer-Daniels-Midland from $79.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, March 16th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus target price of $83.25.

ADM stock traded down $2.47 during trading on Thursday, reaching $74.96. 55,206 shares of the company’s stock were exchanged, compared to its average volume of 3,130,204. The company has a quick ratio of 0.81, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 1-year low of $56.91 and a 1-year high of $98.88. The company’s fifty day moving average price is $87.80 and its 200-day moving average price is $80.51. The firm has a market cap of $42.18 billion, a PE ratio of 14.26, a P/E/G ratio of 1.96 and a beta of 0.75.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.55. Archer-Daniels-Midland had a return on equity of 14.40% and a net margin of 3.42%. The company had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $20.61 billion. During the same quarter in the previous year, the business earned $1.39 EPS. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. As a group, sell-side analysts expect that Archer-Daniels-Midland Company will post 6.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 8th. Stockholders of record on Wednesday, May 18th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Tuesday, May 17th. Archer-Daniels-Midland’s dividend payout ratio is presently 29.47%.

In other news, CFO Vikram Luthar sold 7,500 shares of the business’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $89.59, for a total value of $671,925.00. Following the sale, the chief financial officer now owns 72,302 shares of the company’s stock, valued at approximately $6,477,536.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

About Archer-Daniels-Midland (Get Rating)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

See Also

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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