Archer-Daniels-Midland Company (NYSE:ADM) Holdings Trimmed by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 428,648 shares of the company’s stock after selling 26,075 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.08% of Archer-Daniels-Midland worth $34,146,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADM. Independent Advisor Alliance boosted its holdings in Archer-Daniels-Midland by 8.3% during the first quarter. Independent Advisor Alliance now owns 19,449 shares of the company’s stock worth $1,549,000 after buying an additional 1,489 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of Archer-Daniels-Midland by 3.4% during the 1st quarter. Norinchukin Bank The now owns 29,318 shares of the company’s stock worth $2,335,000 after acquiring an additional 973 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Archer-Daniels-Midland by 2.4% in the 1st quarter. Clearbridge Investments LLC now owns 78,580 shares of the company’s stock worth $6,260,000 after acquiring an additional 1,830 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Archer-Daniels-Midland during the first quarter worth $4,509,000. Finally, Prudential PLC lifted its holdings in shares of Archer-Daniels-Midland by 24.2% during the first quarter. Prudential PLC now owns 68,491 shares of the company’s stock valued at $5,456,000 after purchasing an additional 13,355 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on ADM shares. Roth Mkm initiated coverage on Archer-Daniels-Midland in a report on Thursday, June 22nd. They set a “buy” rating and a $92.00 price objective on the stock. Barclays decreased their price objective on shares of Archer-Daniels-Midland from $99.00 to $95.00 in a research note on Thursday, June 1st. StockNews.com assumed coverage on shares of Archer-Daniels-Midland in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Argus raised their target price on Archer-Daniels-Midland from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, Morgan Stanley upped their price target on Archer-Daniels-Midland from $83.00 to $87.00 and gave the company an “equal weight” rating in a research report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $97.50.

Archer-Daniels-Midland Stock Performance

NYSE:ADM traded up $0.49 during mid-day trading on Friday, hitting $79.79. 3,572,251 shares of the company’s stock traded hands, compared to its average volume of 2,965,346. The firm has a market capitalization of $42.78 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82. The firm has a 50 day moving average of $81.31 and a two-hundred day moving average of $78.53. The company has a current ratio of 1.63, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. Archer-Daniels-Midland Company has a 12 month low of $69.92 and a 12 month high of $98.28.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.30. The company had revenue of $25.19 billion during the quarter, compared to analysts’ expectations of $25.82 billion. Archer-Daniels-Midland had a return on equity of 17.52% and a net margin of 4.14%. Archer-Daniels-Midland’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.15 earnings per share. On average, equities analysts forecast that Archer-Daniels-Midland Company will post 7.19 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio is currently 24.03%.

Insider Buying and Selling

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 1,455 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $86.80, for a total value of $126,294.00. Following the completion of the transaction, the insider now owns 10,809 shares of the company’s stock, valued at approximately $938,221.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.