Azimuth Capital Management LLC maintained its position in Archer-Daniels-Midland Company (NYSE:ADM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,597 shares of the company’s stock at the end of the first quarter. Azimuth Capital Management LLC’s holdings in Archer-Daniels-Midland Company were worth $258,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of ADM. Janus Capital Management LLC raised its position in Archer-Daniels-Midland Company by 344.8% in the fourth quarter. Janus Capital Management LLC now owns 827,644 shares of the company’s stock valued at $37,782,000 after buying an additional 641,562 shares during the period. Tudor Investment Corp Et Al acquired a new position in Archer-Daniels-Midland Company during the fourth quarter valued at approximately $685,000. AQR Capital Management LLC raised its position in Archer-Daniels-Midland Company by 1.3% in the fourth quarter. AQR Capital Management LLC now owns 6,229,274 shares of the company’s stock valued at $284,367,000 after buying an additional 79,136 shares during the period. Cigna Investments Inc. New acquired a new position in Archer-Daniels-Midland Company during the fourth quarter valued at approximately $963,000. Finally, Barings LLC raised its position in Archer-Daniels-Midland Company by 23.3% in the fourth quarter. Barings LLC now owns 128,638 shares of the company’s stock valued at $5,872,000 after buying an additional 24,300 shares during the period. 72.39% of the stock is currently owned by hedge funds and other institutional investors.
Archer-Daniels-Midland Company (ADM) opened at 41.16 on Monday. The firm’s 50 day moving average price is $42.09 and its 200 day moving average price is $44.28. Archer-Daniels-Midland Company has a one year low of $39.01 and a one year high of $47.88. The stock has a market cap of $23.39 billion, a price-to-earnings ratio of 17.43 and a beta of 1.03.
Archer-Daniels-Midland Company (NYSE:ADM) last released its earnings results on Tuesday, May 2nd. The company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.15 billion. Archer-Daniels-Midland Company had a return on equity of 7.88% and a net margin of 2.21%. Archer-Daniels-Midland Company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. Equities analysts forecast that Archer-Daniels-Midland Company will post $2.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Tuesday, May 16th. Archer-Daniels-Midland Company’s payout ratio is currently 53.78%.
Several equities analysts recently commented on ADM shares. Credit Suisse Group set a $46.00 target price on Archer-Daniels-Midland Company and gave the company a “hold” rating in a report on Wednesday, March 1st. Stifel Nicolaus dropped their target price on Archer-Daniels-Midland Company from $46.00 to $45.00 and set a “hold” rating on the stock in a report on Tuesday, April 4th. Vetr raised Archer-Daniels-Midland Company from a “buy” rating to a “strong-buy” rating and set a $46.76 target price on the stock in a report on Monday, May 22nd. Zacks Investment Research lowered Archer-Daniels-Midland Company from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. Finally, Argus lowered Archer-Daniels-Midland Company from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $46.97.
About Archer-Daniels-Midland Company
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).
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/azimuth-capital-management-llc-has-258000-stake-in-archer-daniels-midland-company-adm/1940253.html
Receive News & Ratings for Archer-Daniels-Midland Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland Company and related companies with MarketBeat.com's FREE daily email newsletter.