Price T Rowe Associates Inc. MD lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 695,065 shares of the company's stock after acquiring an additional 15,573 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.15% of Archer-Daniels-Midland worth $35,115,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of ADM. Barclays PLC increased its stake in Archer-Daniels-Midland by 52.0% in the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company's stock worth $89,738,000 after purchasing an additional 514,005 shares in the last quarter. Invst LLC acquired a new stake in shares of Archer-Daniels-Midland during the third quarter valued at approximately $640,000. Virtu Financial LLC purchased a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $981,000. World Investment Advisors LLC purchased a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $1,204,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $425,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Bank of America upgraded Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and reduced their target price for the company from $48.00 to $47.00 in a report on Tuesday, April 15th. Morgan Stanley decreased their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. BMO Capital Markets dropped their target price 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. Citigroup decreased their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Barclays dropped their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland has an average rating of "Hold" and an average price target of $52.75.
View Our Latest Analysis on Archer-Daniels-Midland
Archer-Daniels-Midland Stock Performance
Archer-Daniels-Midland stock traded up $0.24 during trading hours on Friday, reaching $47.82. 2,690,994 shares of the company were exchanged, compared to its average volume of 3,585,764. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The stock has a 50-day moving average of $46.88 and a 200 day moving average of $49.90. 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 firm has a market cap of $22.94 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 1.54 and a beta of 0.66.
Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. As a group, research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.
Archer-Daniels-Midland Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.51 dividend. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.27%. Archer-Daniels-Midland's dividend payout ratio is presently 56.51%.
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.
Further Reading
Before you consider Archer-Daniels-Midland, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Archer-Daniels-Midland wasn't on the list.
While Archer-Daniels-Midland currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
