Prudential PLC Sells 26,577 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Prudential PLC trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 59.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,931 shares of the company's stock after selling 26,577 shares during the period. Prudential PLC's holdings in Archer-Daniels-Midland were worth $906,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADM. Geode Capital Management LLC grew its holdings in Archer-Daniels-Midland by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock valued at $590,305,000 after buying an additional 247,647 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Archer-Daniels-Midland by 1.0% in the fourth quarter. National Bank of Canada FI now owns 329,875 shares of the company's stock valued at $16,643,000 after acquiring an additional 3,134 shares during the period. Franklin Resources Inc. grew its stake in shares of Archer-Daniels-Midland by 5.4% in the fourth quarter. Franklin Resources Inc. now owns 294,360 shares of the company's stock worth $14,871,000 after acquiring an additional 14,966 shares during the last quarter. Summit Financial LLC bought a new position in Archer-Daniels-Midland during the fourth quarter worth $760,000. Finally, Wellington Management Group LLP raised its stake in Archer-Daniels-Midland by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after purchasing an additional 1,722,428 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

ADM has been the topic of several research reports. BMO Capital Markets dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Stephens lowered their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley reduced their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Bank of America lowered their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research report on Tuesday, February 11th. Finally, Barclays reduced their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $53.63.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock traded up $1.26 during midday trading on Friday, hitting $45.74. 3,950,332 shares of the company were exchanged, compared to its average volume of 3,642,837. The firm has a 50 day simple moving average of $46.52 and a 200-day simple moving average of $50.91. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The firm has a market cap of $21.94 billion, a P/E ratio of 12.67, a PEG ratio of 1.54 and a beta of 0.66. 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 issued its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. Research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The firm 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 an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is presently 56.51%.

About Archer-Daniels-Midland

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.