Archer Daniels Midland (ADM) Holdings Reduced by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd reduced its stake in Archer Daniels Midland (NYSE:ADM) by 1.6% during the 1st quarter, Holdings Channel reports. The firm owned 178,023 shares of the company’s stock after selling 2,906 shares during the period. Gulf International Bank UK Ltd’s holdings in Archer Daniels Midland were worth $7,720,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Hermes Investment Management Ltd. increased its stake in Archer Daniels Midland by 6.1% in the fourth quarter. Hermes Investment Management Ltd. now owns 20,950 shares of the company’s stock valued at $840,000 after purchasing an additional 1,200 shares during the last quarter. First Manhattan Co. grew its position in shares of Archer Daniels Midland by 23.3% during the fourth quarter. First Manhattan Co. now owns 6,609 shares of the company’s stock worth $264,000 after acquiring an additional 1,251 shares during the last quarter. Buckley Wealth Management LLC grew its position in shares of Archer Daniels Midland by 9.2% during the first quarter. Buckley Wealth Management LLC now owns 15,140 shares of the company’s stock worth $657,000 after acquiring an additional 1,270 shares during the last quarter. Ffcm LLC grew its position in shares of Archer Daniels Midland by 126.4% during the fourth quarter. Ffcm LLC now owns 2,551 shares of the company’s stock worth $102,000 after acquiring an additional 1,424 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of Archer Daniels Midland by 3.5% during the first quarter. M&T Bank Corp now owns 47,056 shares of the company’s stock worth $2,040,000 after acquiring an additional 1,605 shares during the last quarter. Institutional investors own 78.03% of the company’s stock.

In related news, insider Ambrose Michael D sold 20,762 shares of Archer Daniels Midland stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $45.00, for a total value of $934,290.00. Following the transaction, the insider now directly owns 219,384 shares in the company, valued at approximately $9,872,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

Archer Daniels Midland opened at $45.02 on Friday, MarketBeat.com reports. Archer Daniels Midland has a 1-year low of $38.59 and a 1-year high of $46.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 1.57. The firm has a market capitalization of $25.11 billion, a P/E ratio of 18.53 and a beta of 1.01.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, May 1st. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.21. Archer Daniels Midland had a net margin of 2.69% and a return on equity of 7.96%. The firm had revenue of $15.53 billion for the quarter, compared to analyst estimates of $15.35 billion. During the same period last year, the firm posted $0.60 EPS. Archer Daniels Midland’s quarterly revenue was up 3.6% on a year-over-year basis. analysts forecast that Archer Daniels Midland will post 3 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 17th will be given a $0.335 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $1.34 dividend on an annualized basis and a yield of 2.98%. Archer Daniels Midland’s dividend payout ratio (DPR) is 55.14%.

ADM has been the topic of a number of research reports. Stifel Nicolaus lowered their target price on shares of Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Stephens upgraded shares of Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, February 7th. Robert W. Baird raised their target price on shares of Archer Daniels Midland from $47.00 to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Finally, Vertical Group upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Thursday, February 15th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.56.

About Archer Daniels Midland

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland (NYSE:ADM).

Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply