Farmers National Bank cut its stake in Archer Daniels Midland Co (NYSE:ADM) by 30.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,060 shares of the company’s stock after selling 3,940 shares during the quarter. Farmers National Bank’s holdings in Archer Daniels Midland were worth $175,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in ADM. Victory Capital Management Inc. increased its stake in shares of Archer Daniels Midland by 27.8% in the 4th quarter. Victory Capital Management Inc. now owns 9,409,203 shares of the company’s stock valued at $377,121,000 after acquiring an additional 2,044,941 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of Archer Daniels Midland by 153.8% in the 4th quarter. Schroder Investment Management Group now owns 3,179,178 shares of the company’s stock valued at $127,421,000 after acquiring an additional 1,926,341 shares during the last quarter. Cambiar Investors LLC bought a new stake in shares of Archer Daniels Midland in the 4th quarter valued at about $51,411,000. Alps Advisors Inc. bought a new stake in shares of Archer Daniels Midland in the 4th quarter valued at about $46,268,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of Archer Daniels Midland in the 4th quarter valued at about $45,579,000. 77.41% of the stock is owned by institutional investors.
Archer Daniels Midland stock opened at $43.50 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.59 and a quick ratio of 0.86. Archer Daniels Midland Co has a 12-month low of $38.59 and a 12-month high of $46.39. The stock has a market capitalization of $24,309.51, a P/E ratio of 15.54 and a beta of 1.09.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.12. Archer Daniels Midland had a return on equity of 7.91% and a net margin of 2.62%. The business had revenue of $16.07 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same period in the previous year, the firm earned $0.75 EPS. Archer Daniels Midland’s quarterly revenue was down 2.6% compared to the same quarter last year. research analysts anticipate that Archer Daniels Midland Co will post 2.86 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th were given a $0.335 dividend. The ex-dividend date was Friday, February 16th. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a dividend yield of 3.08%. Archer Daniels Midland’s payout ratio is currently 47.86%.
ADM has been the subject of a number of recent analyst reports. Goldman Sachs raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and upped their price target for the company from $43.30 to $50.00 in a research note on Monday, March 12th. Vertical Group raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Thursday, February 15th. Zacks Investment Research cut Archer Daniels Midland from a “hold” rating to a “sell” rating in a research note on Monday, December 18th. Stifel Nicolaus lowered their price target on Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, January 22nd. Finally, Stephens raised Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.65.
Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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