Bearing Point Capital LLC Invests $9.60 Million in Archer-Daniels-Midland Company (NYSE:ADM)

Bearing Point Capital LLC purchased a new position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 190,000 shares of the company's stock, valued at approximately $9,599,000. Archer-Daniels-Midland comprises about 2.0% of Bearing Point Capital LLC's portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in ADM. Fairway Wealth LLC acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth about $25,000. Raleigh Capital Management Inc. boosted its position in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after acquiring an additional 357 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland in the 4th quarter valued at $28,000. ST Germain D J Co. Inc. boosted its holdings in shares of Archer-Daniels-Midland by 724.6% during the fourth 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 last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at $30,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Archer-Daniels-Midland Trading Down 0.8 %

Shares of ADM stock traded down $0.39 during mid-day trading on Wednesday, reaching $47.93. The company's stock had a trading volume of 4,618,256 shares, compared to its average volume of 3,588,798. The company's 50 day simple moving average is $46.92 and its 200-day simple moving average is $49.71. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The firm has a market capitalization of $22.99 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 earnings per share. On average, research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.26%. Archer-Daniels-Midland's dividend payout ratio is currently 56.51%.

Archer-Daniels-Midland Company 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.