2 weeks Ago By Defense World Staff
Townsquare Capital LLC reduced its position in Archer-Daniels-Midland Company ( NYSE:ADM – Free Report ) by 21.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,063 shares of the company’s stock after selling 2,149 shares during the quarter.
Townsquare Capital LLC’s holdings in Archer-Daniels-Midland were worth $407,000 at the end of the most recent quarter. Other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.
P. lifted its holdings in shares of Archer-Daniels-Midland by 37.9% during the 4th quarter.
Rockefeller Capital Management L.P. now owns 19,295 shares of the company’s stock worth $979,000 after acquiring an additional 5,303 shares during the period.
Sterling Capital Management LLC lifted its stake in Archer-Daniels-Midland by 54.9% during the fourth quarter. Sterling Capital Management LLC now owns 28,267 shares of the company’s stock worth $1,428,000 after purchasing an additional 10,024 shares during the period.
Quinn Opportunity Partners LLC acquired a new stake in Archer-Daniels-Midland during the fourth quarter valued at approximately $1,010,000. Jaffetilchin Investment Partners LLC grew its stake in shares of Archer-Daniels-Midland by 35.1% in the 4th quarter.
Jaffetilchin Investment Partners LLC now owns 4,495 shares of the company’s stock valued at $227,000 after purchasing an additional 1,168 shares during the period. Finally, Covestor Ltd lifted its position in shares of Archer-Daniels-Midland by 42.2% during the 4th quarter.
Covestor Ltd now owns 3,759 shares of the company’s stock worth $189,000 after buying an additional 1,115 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.
Wall Street Analysts Forecast Growth Several equities analysts recently issued reports on the stock. Morgan Stanley cut their price target on shares of Archer-Daniels-Midland from $52.00 to $47.
00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Bank of America raised Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and reduced their target price for the stock from $48.00 to $47.
00 in a report on Tuesday, April 15th. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.
00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Barclays decreased their target price on Archer-Daniels-Midland from $50.00 to $48.
00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Finally, Citigroup reduced their price target on shares of Archer-Daniels-Midland from $51.00 to $49.
00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.
com, the company currently has an average rating of “Hold” and a consensus price target of $52.75. Archer-Daniels-Midland Price Performance Shares of ADM stock opened at $47.
85 on Monday. The firm has a market cap of $22.96 billion, a price-to-earnings ratio of 13.
26, a PEG ratio of 1.54 and a beta of 0.66.
Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month 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 stock has a 50-day moving average price of $46.60 and a 200 day moving average price of $50.
47. Archer-Daniels-Midland ( NYSE:ADM – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.
14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07.
The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion.
Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%.
Archer-Daniels-Midland’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.
36 earnings per share. Research analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.
Archer-Daniels-Midland Increases Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share.
The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.
26%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50.
Archer-Daniels-Midland’s dividend payout ratio (DPR) is 56.51%. Archer-Daniels-Midland Company 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. Featured Stories Five stocks we like better than Archer-Daniels-Midland What is a Special Dividend? With a 60%+ Upside, There’s Plenty to Love About Lovesac Investing in the High PE Growth Stocks J.B.
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