Sterling Capital Management LLC Raises Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Sterling Capital Management LLC boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 54.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,267 shares of the company's stock after acquiring an additional 10,024 shares during the period. Sterling Capital Management LLC's holdings in Archer-Daniels-Midland were worth $1,428,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ADM. Fairway Wealth LLC acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth $25,000. Raleigh Capital Management Inc. lifted its holdings in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after buying an additional 357 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter worth about $28,000. ST Germain D J Co. Inc. increased its holdings in shares of Archer-Daniels-Midland by 724.6% in the 4th 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 shares of Archer-Daniels-Midland during the 4th quarter worth about $30,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM traded up $1.72 during midday trading on Friday, reaching $47.85. 3,503,095 shares of the company were exchanged, compared to its average volume of 3,630,877. The stock has a market cap of $22.96 billion, a P/E ratio of 13.26, a PEG 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. The stock has a fifty day simple moving average of $46.60 and a 200 day simple moving average of $50.47. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $22.77 billion. During the same period last year, the business posted $1.36 EPS. The company's revenue was down 6.4% on a year-over-year basis. On average, research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend 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 (DPR) is 56.51%.

Wall Street Analyst Weigh In

ADM has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Citigroup cut their price target 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, April 15th. Bank of America upgraded shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and decreased their price objective for the company from $48.00 to $47.00 in a research note on Tuesday, April 15th. Stephens cut their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $52.75.

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.