Tidal Investments LLC Reduces Position in Archer-Daniels-Midland Company (NYSE:ADM)

Tidal Investments LLC decreased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 6.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 40,054 shares of the company’s stock after selling 2,539 shares during the period. Tidal Investments LLC’s holdings in Archer-Daniels-Midland were worth $2,024,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ADM. Fairway Wealth LLC purchased a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. boosted its holdings in shares of Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after purchasing an additional 357 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland in the fourth quarter worth about $28,000. Crews Bank & Trust purchased a new position in Archer-Daniels-Midland during the 4th quarter valued at about $30,000. Finally, CoreFirst Bank & Trust bought a new position in Archer-Daniels-Midland during the 4th quarter valued at approximately $30,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ADM. Stephens reduced their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley dropped their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. UBS Group upgraded shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $60.00 in a research report on Monday. Barclays lowered their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Finally, BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and an average price target of $52.00.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $48.00 on Friday. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08. The firm’s 50-day simple moving average is $47.28 and its two-hundred day simple moving average is $49.19. The stock has a market cap of $23.06 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 EPS. Analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 72.86%.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.