Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 164,766 shares of the company's stock after selling 11,240 shares during the quarter. Corient Private Wealth LLC's holdings in Archer-Daniels-Midland were worth $8,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ADM. State Street Corp lifted its position in Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock valued at $1,914,408,000 after purchasing an additional 1,018,256 shares during the period. Wellington Management Group LLP raised its stake in shares of Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock valued at $1,160,755,000 after buying an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after buying an additional 2,296,193 shares during the period. FMR LLC boosted its stake in shares of Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company's stock worth $237,757,000 after buying an additional 1,007,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Archer-Daniels-Midland by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company's stock worth $195,813,000 after acquiring an additional 268,102 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Archer-Daniels-Midland Trading Down 0.7 %

Shares of ADM stock traded down $0.32 on Friday, hitting $46.21. The stock had a trading volume of 50,983,285 shares, compared to its average volume of 3,445,739. The company's 50 day moving average price is $48.32 and its 200-day moving average price is $52.69. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08. The firm has a market capitalization of $22.16 billion, a P/E ratio of 12.80, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced 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. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS. Analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.51 dividend. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.42%. Archer-Daniels-Midland's dividend payout ratio is presently 56.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ADM. Stephens decreased their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup increased their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Morgan Stanley cut 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 report on Tuesday, February 11th. Barclays lowered their target price 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. Finally, Bank of America cut their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $53.63.

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.