Folger Nolan Fleming Douglas Capital Management Inc. lessened its position in Archer-Daniels-Midland Company (NYSE:ADM – Free Report) by 26.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,710 shares of the company’s stock after selling 3,434 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $466,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the stock. Kestra Private Wealth Services LLC increased its holdings in Archer-Daniels-Midland by 9.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 14,058 shares of the company’s stock valued at $710,000 after buying an additional 1,227 shares during the last quarter. Essex Financial Services Inc. increased its holdings in Archer-Daniels-Midland by 14.6% during the fourth quarter. Essex Financial Services Inc. now owns 16,561 shares of the company’s stock valued at $837,000 after buying an additional 2,105 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the fourth quarter valued at approximately $28,000. Avidian Wealth Enterprises LLC increased its holdings in Archer-Daniels-Midland by 4.3% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 13,162 shares of the company’s stock valued at $665,000 after buying an additional 548 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Archer-Daniels-Midland by 2.5% during the fourth quarter. Van ECK Associates Corp now owns 990,812 shares of the company’s stock valued at $50,056,000 after buying an additional 24,577 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $47.00 to $45.00 in a report on Thursday, May 8th. Barclays reduced their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Citigroup reduced their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Finally, UBS Group raised shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.00.
Archer-Daniels-Midland Price Performance
Shares of NYSE:ADM opened at $49.65 on Friday. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The firm has a fifty day moving average price of $47.70 and a 200 day moving average price of $48.72. The firm has a market cap of $23.85 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.54 and a beta of 0.67.
Archer-Daniels-Midland (NYSE:ADM – Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. During the same quarter last year, the business earned $1.46 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, sell-side analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.
Archer-Daniels-Midland Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.11%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 72.86%.
About Archer-Daniels-Midland
Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.
See Also
- Five stocks we like better than Archer-Daniels-Midland
- What Does a Stock Split Mean?
- Super Micro Computer Stock: Two Levels Smart Money Is Watching
- How Can Investors Benefit From After-Hours Trading
- Fastenal Stock After Split: Poised for 5 More Years of Gains
- How to Evaluate a Stock Before Buying
- Gold and Commodities: Is the Bull Case Gaining Momentum?
Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADM – Free Report).
Receive News & Ratings for Archer-Daniels-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland and related companies with MarketBeat.com's FREE daily email newsletter.