NewEdge Advisors LLC Reduces Position in Archer-Daniels-Midland Company (NYSE:ADM)

NewEdge Advisors LLC trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,845 shares of the company’s stock after selling 2,270 shares during the quarter. NewEdge Advisors LLC’s holdings in Archer-Daniels-Midland were worth $1,205,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Operose Advisors LLC grew its stake in Archer-Daniels-Midland by 328.8% in the 4th quarter. Operose Advisors LLC now owns 879 shares of the company’s stock worth $44,000 after acquiring an additional 674 shares in the last quarter. United Capital Financial Advisors LLC grew its stake in Archer-Daniels-Midland by 11.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 16,968 shares of the company’s stock worth $857,000 after purchasing an additional 1,695 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Archer-Daniels-Midland during the 4th quarter worth $22,862,000. XTX Topco Ltd raised its position in Archer-Daniels-Midland by 215.1% during the 4th quarter. XTX Topco Ltd now owns 11,170 shares of the company’s stock valued at $564,000 after purchasing an additional 7,625 shares in the last quarter. Finally, Stamos Capital Partners L.P. lifted its holdings in shares of Archer-Daniels-Midland by 20.7% in the 4th quarter. Stamos Capital Partners L.P. now owns 9,960 shares of the company’s stock worth $503,000 after buying an additional 1,710 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on ADM shares. Bank of America upgraded Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and decreased their price objective for the company from $48.00 to $47.00 in a report on Tuesday, April 15th. Citigroup reduced their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Barclays dropped their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Stephens reduced their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, BMO Capital Markets dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $52.75.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $48.80 on Friday. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The business’s fifty day simple moving average is $46.81 and its 200-day simple moving average is $50.30. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company has a market cap of $23.41 billion, a PE ratio of 13.52, a PEG ratio of 1.54 and a beta of 0.66.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same period last year, the business posted $1.36 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. Analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.51 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.18%. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

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.