Belpointe Asset Management LLC Trims Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Belpointe Asset Management LLC lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 6.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,521 shares of the company’s stock after selling 241 shares during the quarter. Belpointe Asset Management LLC’s holdings in Archer-Daniels-Midland were worth $178,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ADM. AustralianSuper Pty Ltd boosted its position in shares of Archer-Daniels-Midland by 26.4% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock worth $87,409,000 after purchasing an additional 360,844 shares during the period. Amundi lifted its stake in Archer-Daniels-Midland by 56.7% during the fourth quarter. Amundi now owns 2,473,393 shares of the company’s stock worth $123,340,000 after purchasing an additional 894,562 shares in the last quarter. Hickory Point Bank & Trust acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at $1,217,000. Semanteon Capital Management LP purchased a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at $614,000. Finally, Aigen Investment Management LP lifted its stake in Archer-Daniels-Midland by 127.7% during the 4th quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock worth $2,372,000 after acquiring an additional 26,329 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $47.85 on Friday. The stock has a market cap of $22.96 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. The company has a fifty day simple moving average of $46.58 and a 200-day simple moving average of $50.67. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the previous year, the business earned $1.36 EPS. Archer-Daniels-Midland’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.26%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

Analyst Ratings Changes

A number of analysts have issued reports on ADM shares. Morgan Stanley cut their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Stephens cut their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Citigroup reduced their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Finally, Barclays reduced their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $52.75.

Archer-Daniels-Midland 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.