Millennium Management LLC lowered its stake in Archer Daniels Midland Co (NYSE:ADM) by 20.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,566,487 shares of the company’s stock after selling 639,729 shares during the period. Millennium Management LLC owned about 0.46% of Archer Daniels Midland worth $105,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Archer Daniels Midland by 1.2% in the 4th quarter. BlackRock Inc. now owns 44,393,781 shares of the company’s stock valued at $1,818,813,000 after acquiring an additional 531,063 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Archer Daniels Midland by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 43,289,494 shares of the company’s stock valued at $2,176,164,000 after acquiring an additional 2,102,814 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Archer Daniels Midland by 5.1% in the 3rd quarter. Vanguard Group Inc now owns 43,289,494 shares of the company’s stock valued at $2,176,164,000 after acquiring an additional 2,102,814 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Archer Daniels Midland by 0.7% in the 4th quarter. Macquarie Group Ltd. now owns 15,043,731 shares of the company’s stock valued at $616,342,000 after acquiring an additional 106,472 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Archer Daniels Midland by 5,202.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,380,310 shares of the company’s stock valued at $327,000 after acquiring an additional 13,127,969 shares during the last quarter. 78.06% of the stock is currently owned by institutional investors.
In related news, Director Donald E. Felsinger acquired 60,000 shares of the firm’s stock in a transaction on Thursday, February 7th. The stock was bought at an average cost of $41.80 per share, with a total value of $2,508,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.94% of the stock is currently owned by company insiders.
traded down $0.08 during mid-day trading on Tuesday, reaching $42.27. 27,755 shares of the stock were exchanged, compared to its average volume of 3,506,680. The company has a market capitalization of $23.73 billion, a PE ratio of 12.04 and a beta of 0.96. The company has a quick ratio of 1.00, a current ratio of 1.75 and a debt-to-equity ratio of 0.41. Archer Daniels Midland Co has a 1 year low of $39.16 and a 1 year high of $52.06.
Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.04). The firm had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $16.83 billion. Archer Daniels Midland had a return on equity of 10.51% and a net margin of 2.81%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. As a group, sell-side analysts anticipate that Archer Daniels Midland Co will post 3.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 19th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.31%. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, February 15th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 40.00%.
A number of research analysts have recently commented on ADM shares. Zacks Investment Research downgraded Archer Daniels Midland from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Credit Suisse Group set a $46.00 price objective on Archer Daniels Midland and gave the company a “neutral” rating in a report on Wednesday, January 23rd. Finally, Stifel Nicolaus upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $41.40 price target on the stock in a research note on Friday, February 8th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $49.71.
ILLEGAL ACTIVITY WARNING: This piece of content was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of US & international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/03/26/millennium-management-llc-has-105-15-million-holdings-in-archer-daniels-midland-co-adm.html.
Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
Recommended Story: Put Option Volume
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 Co (NYSE:ADM).
Receive News & Ratings for Archer Daniels Midland Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Archer Daniels Midland and related companies with MarketBeat.com’s FREE daily email newsletter.