FIL Ltd Sells 21,784 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

FIL Ltd lessened its position in Archer-Daniels-Midland Company (NYSE:ADM) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 211,841 shares of the company’s stock after selling 21,784 shares during the period. FIL Ltd’s holdings in Archer-Daniels-Midland were worth $10,702,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ADM. Fairway Wealth LLC acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth $25,000. Raleigh Capital Management Inc. increased its holdings in shares of Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland during the fourth quarter worth about $28,000. ST Germain D J Co. Inc. lifted its holdings in shares of 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 valued at $29,000 after purchasing an additional 500 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Up 2.8 %

ADM stock opened at $45.74 on Friday. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 1.54 and a beta of 0.66. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $46.52 and a two-hundred day moving average price of $50.97.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same period in the prior year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is 56.51%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley reduced their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Bank of America dropped their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 11th. Barclays decreased their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Finally, Stephens reduced their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus price target of $53.63.

About Archer-Daniels-Midland

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.