UBS Asset Management Americas Inc. Acquires 67,878 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

UBS Asset Management Americas Inc. lifted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,607,526 shares of the company’s stock after buying an additional 67,878 shares during the period. UBS Asset Management Americas Inc.’s holdings in Archer-Daniels-Midland were worth $131,445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barry Investment Advisors LLC grew its position in Archer-Daniels-Midland by 1.8% in the fourth quarter. Barry Investment Advisors LLC now owns 11,278 shares of the company’s stock worth $569,000 after acquiring an additional 195 shares in the last quarter. Center for Financial Planning Inc. boosted its holdings in shares of Archer-Daniels-Midland by 25.5% in the 4th quarter. Center for Financial Planning Inc. now owns 984 shares of the company’s stock worth $50,000 after purchasing an additional 200 shares during the period. Great Valley Advisor Group Inc. increased its position in shares of Archer-Daniels-Midland by 3.1% during the 4th quarter. Great Valley Advisor Group Inc. now owns 6,880 shares of the company’s stock valued at $347,000 after purchasing an additional 208 shares during the last quarter. Federated Hermes Inc. raised its holdings in Archer-Daniels-Midland by 0.8% during the 4th quarter. Federated Hermes Inc. now owns 29,670 shares of the company’s stock valued at $1,495,000 after buying an additional 230 shares during the period. Finally, Meeder Asset Management Inc. lifted its position in Archer-Daniels-Midland by 4.8% in the fourth quarter. Meeder Asset Management Inc. now owns 5,247 shares of the company’s stock worth $265,000 after buying an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 77.94% of the company’s stock.

Shares of NYSE:ADM opened at $57.84 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $57.23 and its 200 day moving average is $51.88. The stock has a market cap of $32.30 billion, a P/E ratio of 20.44 and a beta of 0.85. Archer-Daniels-Midland Company has a 52-week low of $33.01 and a 52-week high of $59.12.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Monday, January 25th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11. The business had revenue of $17.98 billion for the quarter, compared to the consensus estimate of $16.48 billion. Archer-Daniels-Midland had a return on equity of 11.10% and a net margin of 2.53%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.42 EPS. On average, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 3.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 9th were given a dividend of $0.37 per share. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Monday, February 8th. This represents a $1.48 dividend on an annualized basis and a yield of 2.56%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 45.68%.

Several brokerages have recently weighed in on ADM. BMO Capital Markets downgraded shares of Archer-Daniels-Midland from an “outperform” rating to a “market perform” rating and increased their target price for the company from $51.00 to $56.00 in a research note on Monday, January 11th. JPMorgan Chase & Co. raised their price objective on shares of Archer-Daniels-Midland from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 24th. Morgan Stanley upped their target price on Archer-Daniels-Midland from $49.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, December 14th. Finally, Credit Suisse Group raised their price target on Archer-Daniels-Midland from $46.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 20th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Archer-Daniels-Midland currently has an average rating of “Buy” and an average price target of $54.50.

In other Archer-Daniels-Midland news, SVP Jennifer L. Weber acquired 5,095 shares of the company’s stock in a transaction dated Friday, March 12th. The shares were purchased at an average cost of $58.40 per share, for a total transaction of $297,548.00. Following the completion of the purchase, the senior vice president now owns 69,301 shares in the company, valued at $4,047,178.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Joseph D. Taets sold 43,711 shares of Archer-Daniels-Midland stock in a transaction that occurred on Friday, February 12th. The shares were sold at an average price of $55.40, for a total transaction of $2,421,589.40. Following the transaction, the senior vice president now directly owns 215,093 shares in the company, valued at $11,916,152.20. The disclosure for this sale can be found here. Company insiders own 1.27% of the company’s stock.

About Archer-Daniels-Midland

Archer-Daniels-Midland Co processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.

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

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