Public Sector Pension Investment Board lowered its position in Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,350 shares of the company’s stock after selling 1,000 shares during the period. Public Sector Pension Investment Board’s holdings in Archer-Daniels-Midland were worth $6,310,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Curi Wealth Management LLC bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $27,000. Wagner Wealth Management LLC increased its holdings in shares of Archer-Daniels-Midland by 65.0% during the third quarter. Wagner Wealth Management LLC now owns 429 shares of the company’s stock valued at $28,000 after acquiring an additional 169 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $32,000. Kozak & Associates Inc. bought a new stake in shares of Archer-Daniels-Midland during the third quarter valued at approximately $38,000. Finally, TAP Consulting LLC bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 75.38% of the company’s stock.
Several equities research analysts recently issued reports on ADM shares. Credit Suisse Group upped their price target on Archer-Daniels-Midland from $80.00 to $92.00 in a report on Wednesday, April 27th. StockNews.com downgraded Archer-Daniels-Midland from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 26th. Robert W. Baird upped their price target on Archer-Daniels-Midland from $73.00 to $108.00 in a report on Wednesday, April 27th. Bank of America downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and upped their price target for the stock from $80.00 to $100.00 in a report on Tuesday, April 19th. Finally, Stifel Nicolaus boosted their price objective on Archer-Daniels-Midland from $80.00 to $100.00 in a research report on Wednesday, April 6th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus target price of $84.38.
Archer-Daniels-Midland (NYSE:ADM – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.55. Archer-Daniels-Midland had a return on equity of 14.40% and a net margin of 3.42%. The firm had revenue of $23.65 billion for the quarter, compared to analysts’ expectations of $20.61 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. As a group, equities analysts expect that Archer-Daniels-Midland Company will post 5.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 8th. Stockholders of record on Wednesday, May 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.80%. Archer-Daniels-Midland’s dividend payout ratio is presently 29.47%.
In related news, SVP Gregory A. Morris sold 20,000 shares of the stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $83.37, for a total transaction of $1,667,400.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.
Archer-Daniels-Midland Profile (Get Rating)
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.
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