Wrapmanager Inc. decreased its holdings in Archer Daniels Midland Co (NYSE:ADM) by 5.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 8,665 shares of the company’s stock after selling 487 shares during the period. Wrapmanager Inc.’s holdings in Archer Daniels Midland were worth $374,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Cedar Wealth Management LLC bought a new stake in Archer Daniels Midland during the 4th quarter worth about $25,000. Alpha Omega Wealth Management LLC bought a new stake in Archer Daniels Midland during the 4th quarter worth about $25,000. Cornerstone Advisors Inc. grew its holdings in Archer Daniels Midland by 72.1% during the 1st quarter. Cornerstone Advisors Inc. now owns 616 shares of the company’s stock worth $27,000 after acquiring an additional 258 shares during the last quarter. We Are One Seven LLC bought a new stake in Archer Daniels Midland during the 4th quarter worth about $27,000. Finally, Country Trust Bank grew its holdings in Archer Daniels Midland by 65.0% during the 1st quarter. Country Trust Bank now owns 693 shares of the company’s stock worth $30,000 after acquiring an additional 273 shares during the last quarter. Institutional investors own 77.95% of the company’s stock.
A number of brokerages have commented on ADM. ValuEngine raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Stifel Nicolaus increased their price objective on shares of Archer Daniels Midland from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Robert W. Baird reissued an “outperform” rating and set a $48.00 price objective (down previously from $54.00) on shares of Archer Daniels Midland in a report on Monday, April 29th. BMO Capital Markets raised shares of Archer Daniels Midland from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $50.00 to $51.00 in a report on Monday, April 29th. Finally, Zacks Investment Research raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $50.78.
Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Friday, April 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.16). The business had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $16.19 billion. Archer Daniels Midland had a net margin of 2.57% and a return on equity of 9.83%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. Analysts expect that Archer Daniels Midland Co will post 3.17 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Tuesday, May 14th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 40.00%.
In other news, CFO Ray G. Young purchased 6,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $42.76 per share, for a total transaction of $256,560.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Juan R. Luciano purchased 23,657 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $42.30 per share, for a total transaction of $1,000,691.10. Following the completion of the transaction, the chief executive officer now directly owns 569,152 shares in the company, valued at $24,075,129.60. The disclosure for this purchase can be found here. 1.11% of the stock is currently owned by company insiders.
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. 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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