Greenland Capital Management LP Invests $326,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Greenland Capital Management LP bought a new stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,448 shares of the company's stock, valued at approximately $326,000.

Other large investors have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. increased its stake in Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after purchasing an additional 357 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Archer-Daniels-Midland during the fourth quarter worth approximately $28,000. ST Germain D J Co. Inc. grew its holdings in shares of Archer-Daniels-Midland by 724.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock worth $29,000 after purchasing an additional 500 shares during the period. Finally, Crews Bank & Trust purchased a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ADM. Morgan Stanley reduced their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Barclays decreased their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Stephens dropped their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Bank of America decreased their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $53.63.

Remove Ads

Archer-Daniels-Midland Price Performance

ADM traded up $0.43 during trading on Monday, reaching $46.27. The stock had a trading volume of 741,760 shares, compared to its average volume of 4,597,399. The stock has a 50 day moving average of $46.52 and a two-hundred day moving average of $50.91. 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 firm has a market capitalization of $22.20 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. During the same period last year, the firm posted $1.36 earnings per share. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.51 dividend. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.41%. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 56.51%.

Archer-Daniels-Midland Profile

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.