Petrus Trust Company LTA Invests $276,000 in Archer-Daniels-Midland Company (ADM)
Petrus Trust Company LTA purchased a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,669 shares of the company’s stock, valued at approximately $276,000.
Other institutional investors have also recently made changes to their positions in the company. QS Investors LLC lifted its holdings in Archer-Daniels-Midland by 1.2% in the 2nd quarter. QS Investors LLC now owns 47,681 shares of the company’s stock worth $1,973,000 after purchasing an additional 580 shares during the last quarter. Numeric Investors LLC acquired a new stake in Archer-Daniels-Midland in the 2nd quarter worth approximately $265,000. Ontario Teachers Pension Plan Board lifted its holdings in Archer-Daniels-Midland by 7.8% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 98,944 shares of the company’s stock worth $4,094,000 after purchasing an additional 7,199 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Archer-Daniels-Midland by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,396,427 shares of the company’s stock worth $223,276,000 after purchasing an additional 24,589 shares during the last quarter. Finally, Virtu KCG Holdings LLC lifted its holdings in Archer-Daniels-Midland by 191.2% in the 2nd quarter. Virtu KCG Holdings LLC now owns 48,281 shares of the company’s stock worth $1,998,000 after purchasing an additional 31,701 shares during the last quarter. Institutional investors and hedge funds own 72.86% of the company’s stock.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Citigroup Inc. lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $42.25 to $45.00 in a report on Thursday. BidaskClub upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price (up from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. Finally, Piper Jaffray Companies set a $42.00 target price on Archer-Daniels-Midland and gave the stock a “hold” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average target price of $44.31.
Shares of Archer-Daniels-Midland Company (ADM) traded down 0.56% on Friday, hitting $42.51. The stock had a trading volume of 2,358,953 shares. Archer-Daniels-Midland Company has a 52 week low of $40.22 and a 52 week high of $47.88. The stock’s 50-day moving average price is $42.32 and its 200 day moving average price is $42.88. The company has a market cap of $23.91 billion, a PE ratio of 17.97 and a beta of 1.11.
Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The company had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. During the same period last year, the firm posted $0.41 earnings per share. The business’s revenue was down 4.4% on a year-over-year basis. On average, analysts predict that Archer-Daniels-Midland Company will post $2.56 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th were given a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.01%. Archer-Daniels-Midland’s payout ratio is 53.78%.
Archer-Daniels-Midland Company Profile
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