Nuveen Asset Management LLC cut its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 30.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,310,771 shares of the company's stock after selling 565,070 shares during the period. Nuveen Asset Management LLC owned approximately 0.27% of Archer-Daniels-Midland worth $66,220,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $25,000. Raleigh Capital Management Inc. boosted its holdings in Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after acquiring an additional 357 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the fourth quarter valued at about $28,000. CoreFirst Bank & Trust acquired a new stake in Archer-Daniels-Midland during the fourth quarter worth about $30,000. Finally, Crews Bank & Trust purchased a new position in shares of Archer-Daniels-Midland in the 4th quarter worth about $30,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
ADM has been the subject of a number of research analyst reports. Barclays dropped 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 research report on Monday, February 24th. BMO Capital Markets reduced their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Morgan Stanley lowered their price target on 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. UBS Group raised Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and upped their target price for the stock from $55.00 to $60.00 in a research report on Monday. Finally, Citigroup lowered their target price on 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $52.00.
Check Out Our Latest Report on Archer-Daniels-Midland
Archer-Daniels-Midland Stock Down 0.5%
NYSE:ADM traded down $0.23 on Thursday, reaching $48.07. The stock had a trading volume of 1,363,578 shares, compared to its average volume of 3,572,286. The company has a 50-day moving average of $47.28 and a 200 day moving average of $49.24. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock has a market cap of $23.09 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08.
Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. During the same quarter in the prior year, the business posted $1.46 earnings per share. Archer-Daniels-Midland's revenue for the quarter was down 7.7% on a year-over-year basis. On average, research analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.
Archer-Daniels-Midland Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a $0.51 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.24%. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 72.86%.
About Archer-Daniels-Midland
(
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.
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