Livforsakringsbolaget Skandia Omsesidigt lowered its position in shares of Archer-Daniels-Midland Company (NYSE:ADM – Free Report) by 9.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,113 shares of the company’s stock after selling 5,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Archer-Daniels-Midland were worth $3,862,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Hanseatic Management Services Inc. purchased a new stake in Archer-Daniels-Midland during the first quarter worth approximately $26,000. Trust Co. of Vermont lifted its position in shares of Archer-Daniels-Midland by 135.6% during the 4th quarter. Trust Co. of Vermont now owns 318 shares of the company’s stock worth $30,000 after buying an additional 183 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Archer-Daniels-Midland by 88.1% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 476 shares of the company’s stock valued at $38,000 after buying an additional 223 shares in the last quarter. MRP Capital Investments LLC acquired a new stake in Archer-Daniels-Midland during the 1st quarter worth $40,000. Finally, Almanack Investment Partners LLC. purchased a new stake in Archer-Daniels-Midland in the third quarter valued at $43,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on ADM shares. Argus lifted 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. StockNews.com started coverage on Archer-Daniels-Midland in a report on Thursday, August 17th. They issued a “buy” rating for the company. Morgan Stanley lifted their target price on shares of Archer-Daniels-Midland from $83.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday, July 31st. Roth Mkm began coverage on shares of Archer-Daniels-Midland in a research note on Thursday, June 22nd. They set a “buy” rating and a $92.00 price target for the company. Finally, Barclays reduced their target price on shares of Archer-Daniels-Midland from $99.00 to $95.00 in a report on Thursday, June 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Moderate Buy” and a consensus target price of $97.50.
In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 1,455 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $86.80, for a total transaction of $126,294.00. Following the transaction, the insider now directly owns 10,809 shares in the company, valued at $938,221.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company’s stock.
Archer-Daniels-Midland Stock Performance
NYSE:ADM traded up $0.94 during mid-day trading on Thursday, reaching $80.58. The stock had a trading volume of 708,906 shares, compared to its average volume of 2,955,916. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.63. The business has a 50 day simple moving average of $81.89 and a 200 day simple moving average of $78.35. Archer-Daniels-Midland Company has a twelve month low of $69.92 and a twelve month high of $98.28. The firm has a market capitalization of $43.20 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 1.71 and a beta of 0.83.
Archer-Daniels-Midland (NYSE:ADM – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.59 by $0.30. The business 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%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm earned $2.15 EPS. On average, analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 16th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.23%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 24.03%.
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.
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