Gateway Investment Advisers LLC decreased its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 8.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,284 shares of the company’s stock after selling 1,847 shares during the period. Gateway Investment Advisers LLC’s holdings in Archer Daniels Midland were worth $868,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Securities Inc. lifted its position in Archer Daniels Midland by 5.1% in the fourth quarter. Comerica Securities Inc. now owns 6,212 shares of the company’s stock valued at $255,000 after buying an additional 301 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Archer Daniels Midland by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,382,794 shares of the company’s stock worth $179,562,000 after purchasing an additional 246,133 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Archer Daniels Midland by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 8,128,709 shares of the company’s stock worth $332,509,000 after purchasing an additional 700,278 shares during the period. FMR LLC increased its position in shares of Archer Daniels Midland by 12.2% in the fourth quarter. FMR LLC now owns 1,764,646 shares of the company’s stock valued at $72,297,000 after buying an additional 191,544 shares in the last quarter. Finally, Actinver Wealth Management Inc. acquired a new position in shares of Archer Daniels Midland in the 4th quarter valued at about $218,000. 75.85% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on ADM shares. Stifel Nicolaus dropped their price objective on Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Robert W. Baird reiterated an “outperform” rating and issued a $48.00 price target (down from $54.00) on shares of Archer Daniels Midland in a report on Monday, April 29th. BMO Capital Markets upgraded Archer Daniels Midland from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $50.00 to $51.00 in a report on Monday, April 29th. Buckingham Research lowered their price target on Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating for the company in a report on Friday, July 19th. Finally, ValuEngine downgraded Archer Daniels Midland from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Archer Daniels Midland has an average rating of “Buy” and a consensus target price of $49.71.
Shares of ADM opened at $36.76 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 0.89. Archer Daniels Midland Co has a 12 month low of $36.45 and a 12 month high of $52.06. The stock has a fifty day moving average price of $40.31 and a 200 day moving average price of $41.48. The company has a market cap of $21.03 billion, a P/E ratio of 10.50 and a beta of 1.05.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). Archer Daniels Midland had a return on equity of 8.53% and a net margin of 2.08%. The business had revenue of $16.30 billion for the quarter, compared to analyst estimates of $16.79 billion. During the same quarter last year, the firm posted $1.02 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. As a group, research analysts anticipate that Archer Daniels Midland Co will post 2.86 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.81%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 40.00%.
Archer Daniels Midland Profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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