The Kohmann Bosshard Financial Services LLC Acquires New Position in Archer-Daniels-Midland Company (ADM), Report finds

The Kohmann Bosshard Financial Services LLC Acquires New Position in Archer-Daniels-Midland Company (ADM), Report finds

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ADM. Tower Research Capital LLC TRC bought a new position in Archer-Daniels-Midland Company during the third quarter valued at about $101,000. Evercore Wealth Management LLC raised its position in Archer-Daniels-Midland Company by 6.2% in the second quarter. Evercore Wealth Management LLC now owns 2,581 shares of the company’s stock valued at $111,000 after buying an additional 151 shares in the last quarter. FNY Managed Accounts LLC bought a new position in Archer-Daniels-Midland Company during the third quarter valued at about $110,000. NEXT Financial Group Inc raised its position in Archer-Daniels-Midland Company by 60.1% in the third quarter. NEXT Financial Group Inc now owns 2,621 shares of the company’s stock valued at $111,000 after buying an additional 984 shares in the last quarter. Finally, Mosaic Family Wealth LLC raised its position in Archer-Daniels-Midland Company by 7.0% in the third quarter. Mosaic Family Wealth LLC now owns 2,841 shares of the company’s stock valued at $120,000 after buying an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Kohmann Bosshard Financial Services LLC acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the fourth quarter, Holdings Channel reports. The firm acquired 8,215 shares of the company’s stock, valued at approximately $366,000.

Archer-Daniels-Midland Company (NYSE:ADM) traded up 0.0821% during mid-day trading on Thursday, hitting $43.4957. The company’s stock had a trading volume of 1,948,259 shares. Archer-Daniels-Midland Company has a 52-week low of $31.30 and a 52-week high of $47.88. The firm has a market cap of $25.36 billion, a price-to-earnings ratio of 20.1369 and a beta of 0.90. The firm has a 50 day moving average of $44.73 and a 200-day moving average of $43.96.

Archer-Daniels-Midland Company (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.03. Archer-Daniels-Midland Company had a net margin of 2.05% and a return on equity of 7.19%. The business earned $16.50 billion during the quarter, compared to the consensus estimate of $16.57 billion. During the same period in the previous year, the business posted $0.61 EPS. Archer-Daniels-Midland Company’s revenue was up .3% compared to the same quarter last year. On average, equities research analysts expect that Archer-Daniels-Midland Company will post $2.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Investors of record on Tuesday, February 21st will be given a $0.32 dividend. This is a boost from Archer-Daniels-Midland Company’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, February 16th. This represents a $1.28 annualized dividend and a yield of 2.95%. Archer-Daniels-Midland Company’s dividend payout ratio (DPR) is presently 55.05%.

Several research analysts have recently issued reports on ADM shares. Vetr upgraded Archer-Daniels-Midland Company from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 26th. J P Morgan Chase & Co lowered Archer-Daniels-Midland Company from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $42.00 to $36.00 in a research report on Friday, November 11th. Piper Jaffray Companies started coverage on Archer-Daniels-Midland Company in a research report on Wednesday, December 14th. They issued a “neutral” rating and a $46.00 price target on the stock. Stifel Nicolaus started coverage on Archer-Daniels-Midland Company in a research report on Thursday, December 15th. They issued a “hold” rating and a $46.00 price target on the stock. Finally, Zacks Investment Research upgraded Archer-Daniels-Midland Company from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.16.

Archer-Daniels-Midland Company Company Profile

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADM).

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