Prudent Man Advisors LLC Sells 214 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Prudent Man Advisors LLC lessened its holdings in Archer-Daniels-Midland Company (NYSE:ADMGet Rating) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,722 shares of the company’s stock after selling 214 shares during the quarter. Prudent Man Advisors LLC’s holdings in Archer-Daniels-Midland were worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Capital World Investors grew its stake in Archer-Daniels-Midland by 1.7% in the 4th quarter. Capital World Investors now owns 40,362,744 shares of the company’s stock valued at $2,728,118,000 after purchasing an additional 683,547 shares during the period. Geode Capital Management LLC lifted its position in shares of Archer-Daniels-Midland by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,812,461 shares of the company’s stock valued at $729,430,000 after buying an additional 271,826 shares during the last quarter. Norges Bank purchased a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at $402,080,000. Goldman Sachs Group Inc. lifted its position in shares of Archer-Daniels-Midland by 26.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,637,646 shares of the company’s stock valued at $313,459,000 after buying an additional 966,619 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Archer-Daniels-Midland by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,315,103 shares of the company’s stock valued at $291,640,000 after buying an additional 26,972 shares during the last quarter. Institutional investors own 75.38% of the company’s stock.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $82.76 on Friday. The business’s 50-day moving average price is $79.17 and its two-hundred day moving average price is $82.49. Archer-Daniels-Midland Company has a twelve month low of $58.44 and a twelve month high of $98.88. The stock has a market cap of $46.39 billion, a P/E ratio of 13.03, a PEG ratio of 1.75 and a beta of 0.81. The company has a quick ratio of 0.90, a current ratio of 1.47 and a debt-to-equity ratio of 0.33.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.72 by $0.43. The firm had revenue of $27.28 billion for the quarter, compared to analyst estimates of $24.87 billion. Archer-Daniels-Midland had a return on equity of 15.98% and a net margin of 3.81%. The company’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 EPS. As a group, equities analysts predict that Archer-Daniels-Midland Company will post 6.72 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Wednesday, August 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.93%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 25.20%.

Insider Activity

In other news, CFO Vikram Luthar sold 7,500 shares of the stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $89.59, for a total transaction of $671,925.00. Following the transaction, the chief financial officer now directly owns 72,302 shares in the company, valued at approximately $6,477,536.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ADM shares. Monness Crespi & Hardt cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, April 18th. StockNews.com cut Archer-Daniels-Midland from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 26th. Bank of America cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $80.00 to $100.00 in a report on Tuesday, April 19th. Barclays increased their price objective on Archer-Daniels-Midland from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, April 22nd. Finally, Robert W. Baird increased their price objective on Archer-Daniels-Midland from $73.00 to $108.00 in a report on Wednesday, April 27th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Moderate Buy” and an average price target of $85.82.

Archer-Daniels-Midland Company Profile

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Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

See Also

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

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