Archer Daniels Midland Co (ADM) Shares Sold by Brown Advisory Inc.
Brown Advisory Inc. cut its holdings in Archer Daniels Midland Co (NYSE:ADM) by 4.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,811 shares of the company’s stock after selling 1,375 shares during the quarter. Brown Advisory Inc.’s holdings in Archer Daniels Midland were worth $1,276,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Ffcm LLC grew its position in shares of Archer Daniels Midland by 126.4% in the 4th quarter. Ffcm LLC now owns 2,551 shares of the company’s stock valued at $102,000 after purchasing an additional 1,424 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Archer Daniels Midland by 188.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock valued at $102,000 after purchasing an additional 1,668 shares during the period. Acropolis Investment Management LLC grew its position in shares of Archer Daniels Midland by 1,923.9% in the 4th quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock valued at $129,000 after purchasing an additional 3,059 shares during the period. Trustcore Financial Services LLC acquired a new position in shares of Archer Daniels Midland in the 4th quarter valued at approximately $130,000. Finally, Sun Life Financial INC acquired a new position in shares of Archer Daniels Midland in the 3rd quarter valued at approximately $147,000. Institutional investors and hedge funds own 76.48% of the company’s stock.
Several brokerages recently issued reports on ADM. Vertical Group upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Thursday, February 15th. Zacks Investment Research upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Stephens upgraded Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, February 7th. Buckingham Research upgraded Archer Daniels Midland from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $41.64 to $47.00 in a research report on Wednesday. Finally, Stifel Nicolaus decreased their price objective on Archer Daniels Midland from $44.00 to $43.00 and set a “hold” rating for the company in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Archer Daniels Midland presently has a consensus rating of “Hold” and an average price target of $43.38.
Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, February 6th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.12. The firm had revenue of $16.07 billion for the quarter, compared to analysts’ expectations of $16.64 billion. Archer Daniels Midland had a return on equity of 7.91% and a net margin of 2.62%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. equities research analysts expect that Archer Daniels Midland Co will post 2.8 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be paid a $0.335 dividend. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 16th. This represents a $1.34 annualized dividend and a yield of 3.18%. Archer Daniels Midland’s payout ratio is presently 63.51%.
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About Archer Daniels Midland
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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