Archer-Daniels-Midland Company (NYSE:ADM) Stake Lifted by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 37.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,295 shares of the company's stock after acquiring an additional 5,303 shares during the period. Rockefeller Capital Management L.P.'s holdings in Archer-Daniels-Midland were worth $979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADM. Fairway Wealth LLC acquired a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. increased its stake in shares of Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after purchasing an additional 357 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter worth $28,000. ST Germain D J Co. Inc. increased its position in Archer-Daniels-Midland by 724.6% during the 4th 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 in the last quarter. Finally, Crews Bank & Trust purchased a new position in Archer-Daniels-Midland in the 4th quarter valued at about $30,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Up 1.4 %

ADM traded up $0.68 during trading hours on Thursday, reaching $48.80. 2,151,578 shares of the stock traded hands, compared to its average volume of 3,619,024. 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 firm's fifty day simple moving average is $46.76 and its two-hundred day simple moving average is $50.37. The company has a market cap of $23.41 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping 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 business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter last year, the company earned $1.36 earnings per share. The business's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.18%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio is presently 56.51%.

Wall Street Analyst Weigh In

ADM has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Barclays reduced their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Morgan Stanley cut their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Finally, Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $52.75.

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.