Cleararc Capital Inc. Cuts Stake in Archer-Daniels-Midland Company (ADM)

Cleararc Capital Inc. cut its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.9% during the fourth quarter, Holdings Channel reports. The fund owned 14,001 shares of the company’s stock after selling 272 shares during the period. Cleararc Capital Inc.’s holdings in Archer-Daniels-Midland Company were worth $639,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ADM. Victory Capital Management Inc. raised its stake in Archer-Daniels-Midland Company by 91.0% in the second quarter. Victory Capital Management Inc. now owns 2,544,338 shares of the company’s stock valued at $109,126,000 after buying an additional 1,211,880 shares in the last quarter. Vicus Capital raised its stake in Archer-Daniels-Midland Company by 23.5% in the second quarter. Vicus Capital now owns 17,342 shares of the company’s stock valued at $744,000 after buying an additional 3,304 shares in the last quarter. Johnson Financial Group Inc. raised its stake in Archer-Daniels-Midland Company by 2.1% in the fourth quarter. Johnson Financial Group Inc. now owns 63,870 shares of the company’s stock valued at $2,916,000 after buying an additional 1,300 shares in the last quarter. British Columbia Investment Management Corp raised its stake in Archer-Daniels-Midland Company by 15.7% in the third quarter. British Columbia Investment Management Corp now owns 241,567 shares of the company’s stock valued at $10,187,000 after buying an additional 32,869 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Archer-Daniels-Midland Company by 4.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 16,293,996 shares of the company’s stock valued at $687,118,000 after buying an additional 723,036 shares in the last quarter. Hedge funds and other institutional investors own 73.05% of the company’s stock.

Institutional Ownership by Quarter for Archer-Daniels-Midland Company (NYSE:ADM)

Archer-Daniels-Midland Company (NYSE:ADM) traded down 0.355% during midday trading on Tuesday, reaching $43.555. 1,072,346 shares of the company traded hands. The company’s 50-day moving average price is $44.57 and its 200 day moving average price is $43.95. The firm has a market capitalization of $25.39 billion, a PE ratio of 20.164 and a beta of 0.90. Archer-Daniels-Midland Company has a 12 month low of $31.30 and a 12 month high of $47.88.

Archer-Daniels-Midland Company (NYSE:ADM) last released its earnings results on Tuesday, February 7th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by $0.03. The firm had revenue of $16.50 billion for the quarter, compared to analyst estimates of $16.57 billion. Archer-Daniels-Midland Company had a return on equity of 7.19% and a net margin of 2.05%. Archer-Daniels-Midland Company’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. On average, equities analysts anticipate that Archer-Daniels-Midland Company will post $2.85 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 14th. Investors of record on Tuesday, February 21st will be issued a dividend of $0.32 per share. This is a positive change from Archer-Daniels-Midland Company’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, February 16th. Archer-Daniels-Midland Company’s payout ratio is presently 55.05%.

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Several equities analysts have issued reports on ADM shares. Zacks Investment Research raised shares of Archer-Daniels-Midland Company from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday, January 3rd. Vetr raised shares of Archer-Daniels-Midland Company from a “hold” rating to a “buy” rating and set a $46.73 price objective on the stock in a report on Monday, January 23rd. Stifel Nicolaus started coverage on shares of Archer-Daniels-Midland Company in a report on Thursday, December 15th. They set a “hold” rating and a $46.00 price objective on the stock. BMO Capital Markets downgraded shares of Archer-Daniels-Midland Company from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $51.00 to $48.00 in a report on Friday, January 6th. Finally, Piper Jaffray Companies started coverage on shares of Archer-Daniels-Midland Company in a report on Wednesday, December 14th. They set a “neutral” rating and a $46.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $46.16.

Archer-Daniels-Midland Company Company Profile

5 Day Chart for NYSE:ADM

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADM).

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