Point72 Hong Kong Ltd Trims Stake in Archer Daniels Midland Co (NYSE:ADM)
Point72 Hong Kong Ltd reduced its position in shares of Archer Daniels Midland Co (NYSE:ADM) by 40.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,446 shares of the company’s stock after selling 5,023 shares during the period. Point72 Hong Kong Ltd’s holdings in Archer Daniels Midland were worth $345,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of ADM. Point72 Asset Management L.P. bought a new stake in Archer Daniels Midland in the third quarter worth $29,000. Retirement Network bought a new position in shares of Archer Daniels Midland in the fourth quarter worth approximately $33,000. Sage Financial Group Inc. bought a new position in shares of Archer Daniels Midland in the fourth quarter worth approximately $43,000. CFM Wealth Partners LLC bought a new position in shares of Archer Daniels Midland in the fourth quarter worth approximately $60,000. Finally, Prestige Wealth Management Group LLC lifted its stake in shares of Archer Daniels Midland by 1,242.1% in the third quarter. Prestige Wealth Management Group LLC now owns 1,530 shares of the company’s stock worth $63,000 after buying an additional 1,416 shares in the last quarter. 78.60% of the stock is owned by institutional investors.
In other Archer Daniels Midland news, Director Francisco J. Sanchez bought 1,370 shares of the business’s stock in a transaction on Friday, March 6th. The shares were bought at an average cost of $36.95 per share, with a total value of $50,621.50. Following the transaction, the director now directly owns 4,370 shares in the company, valued at approximately $161,471.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ambrose Michael D sold 6,635 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $46.13, for a total value of $306,072.55. Following the completion of the transaction, the senior vice president now directly owns 210,096 shares in the company, valued at $9,691,728.48. The disclosure for this sale can be found here. Insiders own 1.11% of the company’s stock.
Shares of NYSE ADM traded up $0.38 during midday trading on Wednesday, reaching $32.70. The stock had a trading volume of 3,921,497 shares, compared to its average volume of 3,702,497. The stock has a 50-day moving average of $39.45 and a 200-day moving average of $42.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.89 and a current ratio of 1.55. The company has a market capitalization of $16.35 billion, a price-to-earnings ratio of 13.35 and a beta of 1.13. Archer Daniels Midland Co has a 12-month low of $28.92 and a 12-month high of $47.20.
Archer Daniels Midland (NYSE:ADM) last released its earnings results on Wednesday, January 29th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.63. The company had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.31 billion. Archer Daniels Midland had a net margin of 2.13% and a return on equity of 9.63%. Archer Daniels Midland’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. As a group, analysts forecast that Archer Daniels Midland Co will post 3.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 13th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from Archer Daniels Midland’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 4.40%. Archer Daniels Midland’s payout ratio is 44.44%.
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.
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