Colonial Trust Advisors reduced its position in Archer Daniels Midland (NYSE:ADM) by 37.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,585 shares of the company’s stock after selling 5,665 shares during the period. Colonial Trust Advisors’ holdings in Archer Daniels Midland were worth $416,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in ADM. Synovus Financial Corp acquired a new stake in shares of Archer Daniels Midland during the first quarter worth approximately $104,000. Ffcm LLC boosted its holdings 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 purchasing an additional 1,424 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Archer Daniels Midland by 188.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock worth $102,000 after purchasing an additional 1,668 shares during the period. Signaturefd LLC acquired a new stake in shares of Archer Daniels Midland during the first quarter worth approximately $112,000. Finally, G&S Capital LLC acquired a new stake in shares of Archer Daniels Midland during the fourth quarter worth approximately $106,000. 75.73% of the stock is currently owned by institutional investors and hedge funds.
Archer Daniels Midland opened at $44.91 on Wednesday, according to Marketbeat.com. The company has a quick ratio of 0.83, a current ratio of 1.57 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $25.26 billion, a price-to-earnings ratio of 18.48 and a beta of 1.01. Archer Daniels Midland has a 12-month low of $38.59 and a 12-month high of $46.25.
Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, May 1st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.21. The firm had revenue of $15.53 billion during the quarter, compared to analysts’ expectations of $15.35 billion. Archer Daniels Midland had a net margin of 2.69% and a return on equity of 7.96%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. analysts anticipate that Archer Daniels Midland will post 3 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th will be paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Wednesday, May 16th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 55.14%.
Several analysts recently commented on ADM shares. Stephens upgraded shares of Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 7th. Robert W. Baird raised their price target on shares of Archer Daniels Midland from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Vertical Group upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Thursday, February 15th. Finally, Buckingham Research upgraded shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their price target for the stock from $41.64 to $47.00 in a report on Wednesday, February 28th. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $45.56.
In other Archer Daniels Midland news, insider Ambrose Michael D sold 20,762 shares of Archer Daniels Midland stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 219,384 shares in the company, valued at $9,872,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is owned by 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 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.
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