Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC lessened its position in Archer-Daniels-Midland Company (NYSE:ADM) by 79.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,924 shares of the company’s stock after selling 59,474 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Archer-Daniels-Midland were worth $754,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP boosted its stake in Archer-Daniels-Midland by 27.9% during the 4th quarter. Quarry LP now owns 59,325 shares of the company’s stock worth $2,997,000 after purchasing an additional 12,923 shares during the last quarter. Oxford Asset Management LLP boosted its position in Archer-Daniels-Midland by 27.0% during the fourth quarter. Oxford Asset Management LLP now owns 8,697 shares of the company’s stock worth $439,000 after acquiring an additional 1,850 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Archer-Daniels-Midland by 23.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 87,557 shares of the company’s stock valued at $4,423,000 after acquiring an additional 16,712 shares in the last quarter. MGO One Seven LLC raised its holdings in Archer-Daniels-Midland by 9.8% in the 4th quarter. MGO One Seven LLC now owns 8,272 shares of the company’s stock valued at $418,000 after acquiring an additional 738 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Archer-Daniels-Midland by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 695,065 shares of the company’s stock worth $35,115,000 after purchasing an additional 15,573 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADM has been the topic of a number of analyst reports. Morgan Stanley reduced their price objective 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. Citigroup lowered their price target on shares of 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. Barclays cut their price objective 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. Bank of America upgraded shares of Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and decreased their target price for the company from $48.00 to $47.00 in a report on Tuesday, April 15th. Finally, Stephens cut their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $52.75.

Archer-Daniels-Midland Stock Up 0.5 %

Shares of NYSE ADM opened at $47.82 on Friday. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08. The business’s 50 day moving average is $46.88 and its two-hundred day moving average is $49.90. 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. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the business posted $1.36 EPS. Research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.27%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland 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.