Legal & General Group Plc decreased its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,941,039 shares of the company's stock after selling 925,545 shares during the quarter. Legal & General Group Plc owned 0.61% of Archer-Daniels-Midland worth $148,581,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in ADM. Fairway Wealth LLC acquired a new stake in Archer-Daniels-Midland during the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. grew its position in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after buying an additional 357 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Archer-Daniels-Midland during the 4th quarter worth $28,000. ST Germain D J Co. Inc. increased its stake 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 acquiring an additional 500 shares during the period. Finally, Crews Bank & Trust purchased a new position in Archer-Daniels-Midland during the fourth quarter worth about $30,000. 78.28% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Bank of America reduced their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a report on Tuesday, February 11th. Barclays lowered their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. Stephens reduced their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley decreased their price objective on 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. Finally, BMO Capital Markets lowered their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $53.63.
View Our Latest Research Report on Archer-Daniels-Midland
Archer-Daniels-Midland Stock Up 1.3 %
Archer-Daniels-Midland stock traded up $0.60 during midday trading on Monday, hitting $46.44. 1,530,374 shares of the stock were exchanged, compared to its average volume of 3,634,986. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The company has a 50 day moving average price of $46.52 and a two-hundred day moving average price of $50.91. The firm has a market cap of $22.28 billion, a P/E ratio of 12.86, a P/E/G 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.
Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the prior year, the firm posted $1.36 EPS. The firm's revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.
Archer-Daniels-Midland Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.51 per share. The ex-dividend date was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.39%. Archer-Daniels-Midland's dividend payout ratio is currently 56.51%.
About Archer-Daniels-Midland
(
Free Report)
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.
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