Gagnon Securities LLC Reduces Position in Archer-Daniels-Midland Company (ADM)

Gagnon Securities LLC reduced its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,891 shares of the company’s stock after selling 225 shares during the period. Gagnon Securities LLC’s holdings in Archer-Daniels-Midland Company were worth $547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC increased 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 worth $284,367,000 after buying an additional 79,136 shares during the last quarter. Norges Bank acquired a new position in Archer-Daniels-Midland Company during the fourth quarter worth about $272,625,000. Victory Capital Management Inc. increased its position in Archer-Daniels-Midland Company by 16.6% in the first quarter. Victory Capital Management Inc. now owns 5,239,564 shares of the company’s stock worth $241,229,000 after buying an additional 745,593 shares during the last quarter. Aristotle Capital Management LLC increased its position in Archer-Daniels-Midland Company by 0.5% in the fourth quarter. Aristotle Capital Management LLC now owns 4,403,442 shares of the company’s stock worth $201,017,000 after buying an additional 21,872 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Archer-Daniels-Midland Company by 95.2% in the first quarter. Ameriprise Financial Inc. now owns 3,999,100 shares of the company’s stock worth $184,053,000 after buying an additional 1,950,600 shares during the last quarter. Institutional investors own 72.82% of the company’s stock.

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

Shares of Archer-Daniels-Midland Company (ADM) traded down 1.11% during mid-day trading on Tuesday, reaching $41.97. 473,103 shares of the company traded hands. Archer-Daniels-Midland Company has a 52-week low of $39.01 and a 52-week high of $47.88. The stock has a market capitalization of $23.85 billion, a PE ratio of 17.77 and a beta of 1.03. The stock’s 50 day moving average is $42.21 and its 200 day moving average is $44.30.

Archer-Daniels-Midland Company (NYSE:ADM) last posted 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 firm 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%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. On average, analysts anticipate that Archer-Daniels-Midland Company will post $2.69 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 18th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, May 16th. This represents a $1.28 annualized dividend and a yield of 3.02%. Archer-Daniels-Midland Company’s dividend payout ratio (DPR) is 53.78%.

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A number of research analysts have recently issued reports on ADM shares. Argus downgraded shares of Archer-Daniels-Midland Company from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Zacks Investment Research downgraded shares of Archer-Daniels-Midland Company from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 31st. Vetr upgraded shares of Archer-Daniels-Midland Company from a “buy” rating to a “strong-buy” rating and set a $46.76 price target on the stock in a research report on Monday, May 22nd. Credit Suisse Group restated a “hold” rating and issued a $46.00 price target on shares of Archer-Daniels-Midland Company in a research report on Friday, April 7th. Finally, Stifel Nicolaus cut their price objective on shares of Archer-Daniels-Midland Company from $46.00 to $45.00 and set a “hold” rating on the stock in a research report on Tuesday, April 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $46.97.

About Archer-Daniels-Midland Company

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