Archer-Daniels-Midland Company (ADM) Holdings Trimmed by Flinton Capital Management LLC
Flinton Capital Management LLC lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 24.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,954 shares of the company’s stock after selling 75,752 shares during the period. Flinton Capital Management LLC’s holdings in Archer-Daniels-Midland were worth $9,681,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Archer-Daniels-Midland by 1,027.8% during the 1st quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock valued at $1,806,998,000 after buying an additional 35,768,331 shares during the period. Vanguard Group Inc. increased its holdings in shares of Archer-Daniels-Midland by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock worth $1,998,037,000 after buying an additional 1,672,627 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Archer-Daniels-Midland by 23.1% during the 2nd quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock worth $266,817,000 after buying an additional 1,208,413 shares during the last quarter. Hexavest Inc. acquired a new stake in shares of Archer-Daniels-Midland during the 2nd quarter worth $40,385,000. Finally, Prudential Financial Inc. increased its holdings in shares of Archer-Daniels-Midland by 86.5% during the 2nd quarter. Prudential Financial Inc. now owns 2,082,100 shares of the company’s stock worth $86,157,000 after buying an additional 965,900 shares during the last quarter. Institutional investors own 72.86% of the company’s stock.
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Shares of Archer-Daniels-Midland Company (ADM) traded up 0.56% during mid-day trading on Wednesday, reaching $42.96. The company had a trading volume of 490,924 shares. Archer-Daniels-Midland Company has a 52-week low of $40.22 and a 52-week high of $47.88. The company’s 50-day moving average is $42.53 and its 200 day moving average is $42.76. The stock has a market capitalization of $24.17 billion, a P/E ratio of 18.16 and a beta of 1.12.
Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. Analysts anticipate that Archer-Daniels-Midland Company will post $2.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 17th were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a yield of 3.00%. Archer-Daniels-Midland’s dividend payout ratio is currently 53.78%.
Several research analysts recently weighed in on ADM shares. Piper Jaffray Companies set a $42.00 target price on Archer-Daniels-Midland and gave the stock a “hold” rating in a research report on Sunday. Citigroup Inc. downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and boosted their price target for the company from $42.25 to $45.00 in a research report on Thursday, September 28th. Robert W. Baird assumed coverage on Archer-Daniels-Midland in a research report on Monday, September 11th. They set an “outperform” rating and a $50.00 price target for the company. Credit Suisse Group dropped their price target on Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, August 31st. Finally, BidaskClub upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $44.31.
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