Swiss National Bank Sells 116,800 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Swiss National Bank decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 8.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,350,800 shares of the company’s stock after selling 116,800 shares during the quarter. Swiss National Bank’s holdings in Archer-Daniels-Midland were worth $68,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after purchasing an additional 5,702,451 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Archer-Daniels-Midland by 28.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after buying an additional 2,296,193 shares in the last quarter. State Street Corp boosted its stake in shares of Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after buying an additional 1,018,256 shares during the period. FMR LLC grew its position in Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after buying an additional 1,007,494 shares in the last quarter. Finally, Amundi raised its holdings in Archer-Daniels-Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock valued at $123,340,000 after acquiring an additional 894,562 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Citigroup lifted their price objective 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 cut their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Bank of America lowered their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average target price of $53.63.

Archer-Daniels-Midland Trading Up 0.0 %

Shares of ADM stock opened at $47.26 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $22.67 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The stock’s fifty day simple moving average is $48.62 and its 200 day simple moving average is $53.12.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $1.36 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its board has approved a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.51 dividend. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.32%. Archer-Daniels-Midland’s payout ratio is currently 56.51%.

About Archer-Daniels-Midland

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.