Sawyer & Company Inc lowered its position in shares of Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) by 34.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,150 shares of the company’s stock after selling 615 shares during the quarter. Sawyer & Company Inc’s holdings in Archer-Daniels-Midland were worth $107,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Arkadios Wealth Advisors boosted its position in Archer-Daniels-Midland by 11.9% during the 4th quarter. Arkadios Wealth Advisors now owns 3,508 shares of the company’s stock worth $326,000 after acquiring an additional 374 shares during the last quarter. Accurate Wealth Management LLC bought a new stake in Archer-Daniels-Midland in the 4th quarter valued at $43,000. Glassy Mountain Advisors Inc. bought a new stake in Archer-Daniels-Midland in the 4th quarter valued at $32,000. American National Bank grew its holdings in Archer-Daniels-Midland by 1,270.7% in the 4th quarter. American National Bank now owns 562 shares of the company’s stock valued at $52,000 after buying an additional 521 shares in the last quarter. Finally, Apella Capital LLC grew its holdings in Archer-Daniels-Midland by 4.1% in the 4th quarter. Apella Capital LLC now owns 3,124 shares of the company’s stock valued at $290,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 78.23% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on ADM shares. Stifel Nicolaus increased their target price on Archer-Daniels-Midland from $114.00 to $116.00 in a report on Tuesday, January 3rd. StockNews.com started coverage on Archer-Daniels-Midland in a research report on Thursday. They set a “buy” rating for the company. Finally, UBS Group started coverage on Archer-Daniels-Midland in a research report on Tuesday, December 13th. They set a “buy” rating and a $115.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.71.
Archer-Daniels-Midland Stock Down 2.9 %
Archer-Daniels-Midland (NYSE:ADM – Get Rating) last issued its earnings results on Thursday, January 26th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.29. Archer-Daniels-Midland had a return on equity of 18.32% and a net margin of 4.26%. The company had revenue of $26.23 billion for the quarter, compared to analysts’ expectations of $25.37 billion. During the same period last year, the business earned $1.50 EPS. Archer-Daniels-Midland’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 6.74 EPS for the current fiscal year.
Archer-Daniels-Midland Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 2nd. Stockholders of record on Thursday, February 9th were issued a dividend of $0.45 per share. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Wednesday, February 8th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 23.35%.
Archer-Daniels-Midland Co engages in the production of oilseeds, corn, wheat, cocoa, and other agricultural commodities. It operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.
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