UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,223,756 shares of the company's stock after acquiring an additional 14,727 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.46% of Archer-Daniels-Midland worth $112,344,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. raised its stake in shares of Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after acquiring an additional 357 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $28,000. Crews Bank & Trust bought a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $30,000. Finally, CoreFirst Bank & Trust bought a new position in Archer-Daniels-Midland in the 4th quarter worth approximately $30,000. 78.28% of the stock is owned by institutional investors.
Archer-Daniels-Midland Price Performance
ADM stock traded down $0.26 during trading on Thursday, hitting $48.09. The company had a trading volume of 563,655 shares, compared to its average volume of 4,121,639. The company has a fifty day moving average price of $47.39 and a two-hundred day moving average price of $49.07. 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 company has a market cap of $23.10 billion, a P/E ratio of 13.31, a P/E/G ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08.
Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 EPS. Equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal 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. This represents a $2.04 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is 72.86%.
Analyst Ratings Changes
Several brokerages have commented on ADM. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. UBS Group raised Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Stephens dropped their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Bank of America lowered Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, BMO Capital Markets decreased their price objective on 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. Two equities 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $52.00.
Read Our Latest Stock Report on Archer-Daniels-Midland
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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