Grantham Mayo Van Otterloo & Co. LLC lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 330,513 shares of the company's stock after selling 9,168 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.07% of Archer-Daniels-Midland worth $16,698,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in ADM. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter worth $25,000. Raleigh Capital Management Inc. raised its holdings in shares of 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 purchasing an additional 357 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. grew its holdings in 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 period. Finally, Crews Bank & Trust acquired a new position in Archer-Daniels-Midland during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 78.28% of the company's stock.
Archer-Daniels-Midland Price Performance
Shares of ADM traded up $0.73 during trading hours on Friday, hitting $45.21. 1,250,096 shares of the company were exchanged, compared to its average volume of 3,630,488. The company has a market cap of $21.69 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.54 and a beta of 0.66. The firm's fifty day moving average is $46.56 and its 200 day moving average is $51.05. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08. 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 (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating the consensus estimate 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 business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The firm's revenue was down 6.4% compared to the same quarter last year. On average, equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. The ex-dividend date of this dividend 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 dividend yield of 4.51%. Archer-Daniels-Midland's dividend payout ratio (DPR) is 56.51%.
Analyst Upgrades and Downgrades
ADM has been the subject of several research analyst reports. BMO Capital Markets reduced their target price 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. Stephens reduced their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Morgan Stanley lowered their target price 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. Barclays reduced their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Monday, February 24th. Finally, Bank of America decreased their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $53.63.
Read Our Latest Analysis on ADM
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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