Archer Daniels Midland Co (ADM) Shares Sold by Cribstone Capital Management LLC

Cribstone Capital Management LLC trimmed its holdings in Archer Daniels Midland Co (NYSE:ADM) by 5.5% in the first quarter, Holdings Channel reports. The institutional investor owned 16,659 shares of the company’s stock after selling 973 shares during the quarter. Cribstone Capital Management LLC’s holdings in Archer Daniels Midland were worth $719,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ADM. Oregon Public Employees Retirement Fund grew its position in shares of Archer Daniels Midland by 5,202.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,380,310 shares of the company’s stock valued at $327,000 after purchasing an additional 13,127,969 shares during the last quarter. Norges Bank acquired a new position in Archer Daniels Midland during the 4th quarter valued at about $225,928,000. Vanguard Group Inc boosted its stake in Archer Daniels Midland by 5.1% during the 3rd quarter. Vanguard Group Inc now owns 43,289,494 shares of the company’s stock valued at $2,176,164,000 after purchasing an additional 2,102,814 shares during the period. Vanguard Group Inc. raised its position in shares of Archer Daniels Midland by 5.1% during the 3rd quarter. Vanguard Group Inc. now owns 43,289,494 shares of the company’s stock worth $2,176,164,000 after buying an additional 2,102,814 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Archer Daniels Midland during the 3rd quarter worth about $42,197,000. 78.14% of the stock is owned by institutional investors and hedge funds.

In other Archer Daniels Midland news, Director Donald E. Felsinger bought 60,000 shares of the stock in a transaction on Thursday, February 7th. The stock was purchased at an average price of $41.80 per share, with a total value of $2,508,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.11% of the stock is owned by insiders.

Shares of ADM traded up $0.05 during mid-day trading on Thursday, hitting $43.29. 1,951,891 shares of the company’s stock were exchanged, compared to its average volume of 3,512,560. Archer Daniels Midland Co has a 52 week low of $39.16 and a 52 week high of $52.06. The company has a quick ratio of 1.00, a current ratio of 1.75 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $24.22 billion, a P/E ratio of 12.37 and a beta of 0.96.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 5th. The company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.04). Archer Daniels Midland had a return on equity of 10.51% and a net margin of 2.81%. The company had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $16.83 billion. During the same period last year, the firm earned $0.82 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Archer Daniels Midland Co will post 3.41 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 19th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Friday, February 15th. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.34. Archer Daniels Midland’s payout ratio is 40.00%.

A number of research firms recently commented on ADM. Credit Suisse Group set a $46.00 target price on shares of Archer Daniels Midland and gave the stock a “neutral” rating in a report on Wednesday, January 23rd. Zacks Investment Research downgraded shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Finally, Stifel Nicolaus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $41.40 target price for the company in a research report on Friday, February 8th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Archer Daniels Midland has a consensus rating of “Hold” and a consensus price target of $49.71.

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Archer Daniels Midland Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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

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