ArrowMark Colorado Holdings LLC Has $18.58 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

ArrowMark Colorado Holdings LLC cut its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 367,788 shares of the company's stock after selling 71,337 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.08% of Archer-Daniels-Midland worth $18,581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADM. Fairway Wealth LLC acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. boosted its stake in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after purchasing an additional 357 shares during the period. Stonebridge Financial Group LLC bought a new position in Archer-Daniels-Midland during the 4th quarter worth about $28,000. ST Germain D J Co. Inc. raised its stake in shares of Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock valued at $29,000 after purchasing an additional 500 shares during the period. Finally, CoreFirst Bank & Trust bought a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $30,000. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of ADM traded down $0.39 during midday trading on Monday, reaching $47.46. The stock had a trading volume of 3,168,128 shares, compared to its average volume of 3,584,096. The firm has a market cap of $22.77 billion, a PE ratio of 13.15, a P/E/G ratio of 1.54 and a beta of 0.69. The firm has a 50 day simple moving average of $46.89 and a 200-day simple moving average of $49.72. Archer-Daniels-Midland Company has a one year low of $40.98 and a one year high of $66.08. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. During the same quarter last year, the company posted $1.36 earnings per share. Archer-Daniels-Midland's quarterly revenue was down 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is currently 56.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ADM shares. Citigroup dropped their target price on 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. Morgan Stanley lowered their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Barclays reduced their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. BMO Capital Markets lowered their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Finally, Bank of America upgraded shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and reduced their price objective for the stock from $48.00 to $47.00 in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $52.75.

Archer-Daniels-Midland Company Profile

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.