Horizon Kinetics Asset Management LLC, a New York-based investment advisor, filed its Form 13F with the US Securities and Exchange Commission (SEC) on May 12, 2023, indicating a decrease in position with Archer-Daniels-Midland Company (ADM). ADM is engaged in producing various agricultural commodities including oilseeds, corn, wheat, and cocoa. It operates through Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other segments. Horizon Kinetics Asset Management LLC’s holdings had reduced by about 9,737 shares during the fourth quarter of the previous year resulting in owning about 1.6% of ADM’s total holdings making it their tenth-largest holding.
The report further revealed that as of December 31st last year, Horizon Kinetics Asset Management LLC owned a total of 1,015,230 shares in Archer-Daniels-Midland which were valued at $94.2 million at the end of the period. ADM reported its most recent quarterly earnings data on April 25th last year. The company earned $2.09 per share for the quarter which was more than market analysts’ estimate of $1.71 by a margin of $0.38.
The revenue generated by ADM during this quarter amounted to $24.07 billion compared to analyst estimates of around $24.09 billion based on reports available from trusted sources; this margin is deemed to be relatively small to have any meaningful impact on stock price movements or investor sentiment towards the firm.
Archer Daniels Midland operates across different segments such as Ag Services and Oilseeds that involve activities related to transportation and storage of agricultural raw materials as well as further processing oilseeds such as soybeans into vegetable oils and protein meals among other items.
In conclusion, Horizon Kinetics Asset Management’s decrease in position with Archer-Daniels-Midland suggests some negative sentiments but not significant enough to suggest a permanent bearish outlook. ADM’s operations across different segments will undoubtedly provide enough liquidity and diversification for the long-term investor looking to reduce portfolio volatility without losing out on growth opportunities in the agro-commodities space.
Archer-Daniels-Midland (ADM) sees growing investor confidence and potential for investment gains.
Archer-Daniels-Midland (ADM), a leading player in the global agricultural industry, has been making headlines lately due to several changes in its positions within the company by institutional investors and hedge funds. Creative Financial Designs Inc. ADV, Evoke Wealth LLC, Benjamin Edwards Inc., Gradient Investments LLC, and Apella Capital LLC are among the hedge funds that have made changes to their positions in ADM stock. It’s worth noting that institutional investors and hedge funds own 78.23% of the company’s stock.
According to recent reports, Creative Financial Designs Inc. ADV grew its position in shares of Archer-Daniels-Midland by 10.0% in the third quarter; subsequently owning 1,215 shares of the company’s stock valued at $98,000 after purchasing an additional 110 shares in the last quarter. Similarly, Evoke Wealth LLC grew its position by 13.2% while Benjamin Edwards Inc. grew its position by 8%. All these suggest a growing investor confidence and potential for investment gains.
ADM stock traded at $75.04 on Thursday during midday trading with a daily trading volume of 1,243,914 shares compared to its average volume of 3,136,115 over a fifty-two week low of $70.02 and a fifty-two week high of $98.28.
ADM is known for producing oilseeds including corn, wheat as well as cocoa and other agricultural commodities like soybeans which are further processed into vegetable oils and protein meals representing revenue from both upstream production activities like origination through merchandising transportation and storage of raw materials all pointing towards a successful line to industrial processes which transforms such raw materials into finished products.
The business declared recently a quarterly dividend of $0.45 per share payable on Wednesday June ending 7th representing an annualized payout ratio yield to investors at 2.40%.
Research analysts have weighed in on Archer-Daniels-Midland stock, with four rating the stock as hold and five giving a buy rating. The company has an average rating of “Moderate Buy” with a present consensus target price of $100.78.
Archer-Daniels-Midland’s operations cover a broad spectrum of industries, including agricultural services, the production of oils from seeds like soybeans and soft seeds cottonseed sunflower seed canola rapeseed plus flaxseed (oilseeds), meaning that its impact on many people’s lives is significant. With growing investor confidence, expectations seem to be high for ADM’s future success in contributing globally to agriculture-related industries while producing profits for investors.
