Archer-Daniels-Midland Company (NYSE:ADM) Stock Holdings Lessened by Denali Advisors LLC

Denali Advisors LLC cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,020 shares of the company’s stock after selling 400 shares during the period. Denali Advisors LLC’s holdings in Archer-Daniels-Midland were worth $405,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ADM. Private Advisor Group LLC raised its holdings in shares of Archer-Daniels-Midland by 7.9% during the third quarter. Private Advisor Group LLC now owns 30,440 shares of the company’s stock worth $1,834,000 after acquiring an additional 2,225 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Archer-Daniels-Midland by 15.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 49,451 shares of the company’s stock worth $2,954,000 after purchasing an additional 6,715 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Archer-Daniels-Midland by 15.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 16,100 shares of the company’s stock worth $962,000 after purchasing an additional 2,192 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of Archer-Daniels-Midland by 35.8% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,369,338 shares of the company’s stock valued at $81,804,000 after buying an additional 361,096 shares during the last quarter. Finally, Laurel Wealth Planning LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $777,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $46.66 on Friday. The company has a market cap of $22.38 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.54 and a beta of 0.72. The business has a 50 day moving average price of $49.23 and a 200 day moving average price of $54.06. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08.

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

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.37%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio is currently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ADM shares. Citigroup lifted their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Bank of America cut their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. BMO Capital Markets decreased their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Finally, Morgan Stanley cut their price objective on 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. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $54.89.

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.