2 weeks Ago By ABMN Staff
Rockefeller Capital Management L.P. lifted its holdings in Archer-Daniels-Midland Company ( NYSE:ADM – Free Report ) by 37.
9% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,295 shares of the company’s stock after purchasing an additional 5,303 shares during the quarter.
Rockefeller Capital Management L.P.’s holdings in Archer-Daniels-Midland were worth $979,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Archer-Daniels-Midland in the 4th quarter worth $333,521,000. Pacer Advisors Inc.
boosted its holdings in Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc.
now owns 10,382,639 shares of the company’s stock worth $524,531,000 after buying an additional 2,296,193 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Archer-Daniels-Midland by 8.9% during the fourth quarter.
Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock valued at $1,068,626,000 after acquiring an additional 1,722,428 shares during the last quarter. Invesco Ltd. increased its position in shares of Archer-Daniels-Midland by 24.
8% during the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock worth $361,007,000 after purchasing an additional 1,420,625 shares in the last quarter.
Finally, Amundi lifted its holdings in Archer-Daniels-Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock valued at $123,340,000 after purchasing an additional 894,562 shares in the last quarter.
78.28% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades A number of equities analysts recently weighed in on the stock.
Barclays lowered their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th.
Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th.
BMO Capital Markets dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th.
Citigroup decreased their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th.
Finally, Bank of America upgraded Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and decreased their price objective for the company from $48.00 to $47.00 in a report on Tuesday, April 15th.
One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.
75. Archer-Daniels-Midland Trading Up 0.6 % ADM opened at $48.
09 on Tuesday. The business has a fifty day simple moving average of $46.66 and a 200-day simple moving average of $50.
40. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.
08. The company has a quick ratio of 0.81, a current ratio of 1.
39 and a debt-to-equity ratio of 0.34. The firm has a market cap of $23.
07 billion, a P/E ratio of 13.32, a P/E/G ratio of 1.54 and a beta of 0.
66. Archer-Daniels-Midland ( NYSE:ADM – Get Free Report ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.
14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07.
The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion.
Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%.
The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.
36 earnings per share. On average, equities analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.
Archer-Daniels-Midland Increases Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a $0.51 dividend.
The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.
24%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50.
Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 56.51%. Archer-Daniels-Midland Profile ( Free Report ) 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. Recommended Stories 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 ).
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