Glassy Mountain Advisors Inc. Invests $32,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Glassy Mountain Advisors Inc. acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) during the 4th quarter, Holdings Channel reports. The fund acquired 347 shares of the company’s stock, valued at approximately $32,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Archer-Daniels-Midland by 0.8% in the third quarter. Vanguard Group Inc. now owns 62,966,053 shares of the company’s stock valued at $5,065,619,000 after purchasing an additional 522,009 shares during the period. BlackRock Inc. lifted its holdings in Archer-Daniels-Midland by 0.9% during the third quarter. BlackRock Inc. now owns 44,149,903 shares of the company’s stock worth $3,551,860,000 after buying an additional 385,172 shares during the period. State Street Corp lifted its holdings in Archer-Daniels-Midland by 2.5% during the second quarter. State Street Corp now owns 32,405,932 shares of the company’s stock worth $2,514,700,000 after buying an additional 797,915 shares during the period. Northern Trust Corp lifted its holdings in Archer-Daniels-Midland by 0.5% during the second quarter. Northern Trust Corp now owns 13,673,309 shares of the company’s stock worth $1,061,049,000 after buying an additional 73,156 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Archer-Daniels-Midland by 29.4% during the third quarter. Bank of New York Mellon Corp now owns 6,524,033 shares of the company’s stock worth $524,856,000 after buying an additional 1,483,115 shares during the period. 78.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of analyst reports. Stifel Nicolaus upped their target price on Archer-Daniels-Midland from $114.00 to $116.00 in a report on Tuesday, January 3rd. UBS Group began coverage on Archer-Daniels-Midland in a research report on Tuesday, December 13th. They set a “buy” rating and a $115.00 price target on the stock. Finally, StockNews.com initiated coverage on Archer-Daniels-Midland in a research report on Thursday. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.71.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $74.26 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.46 and a quick ratio of 0.85. The stock’s fifty day moving average price is $82.20 and its 200 day moving average price is $87.60. Archer-Daniels-Midland Company has a 1 year low of $70.02 and a 1 year high of $98.88. The company has a market cap of $40.70 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 1.78 and a beta of 0.79.

Archer-Daniels-Midland (NYSE:ADM – Get Rating) last released its earnings results on Thursday, January 26th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.29. The firm had revenue of $26.23 billion for the quarter, compared to the consensus estimate of $25.37 billion. Archer-Daniels-Midland had a return on equity of 18.32% and a net margin of 4.26%. The firm’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. As a group, equities research analysts forecast that Archer-Daniels-Midland Company will post 6.74 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Thursday, February 9th were given a dividend of $0.45 per share. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.42%. The ex-dividend date was Wednesday, February 8th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 23.35%.

Archer-Daniels-Midland Profile

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Archer-Daniels-Midland Co engages in the production of oilseeds, corn, wheat, cocoa, and other agricultural commodities. It operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.