Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Barings LLC

Barings LLC cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 49.2% during the 4th quarter, Holdings Channel reports. The firm owned 38,983 shares of the company’s stock after selling 37,721 shares during the period. Barings LLC’s holdings in Archer-Daniels-Midland were worth $1,969,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ADM. Harbor Capital Advisors Inc. acquired a new stake in Archer-Daniels-Midland during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland during the third quarter worth approximately $26,000. Peterson Financial Group Inc. acquired a new stake in Archer-Daniels-Midland during the third quarter worth approximately $28,000. Raleigh Capital Management Inc. boosted its position in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in Archer-Daniels-Midland during the fourth quarter worth approximately $28,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $49.46 on Friday. The company’s fifty day simple moving average is $48.83 and its 200-day simple moving average is $53.54. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week high of $66.08. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company has a market cap of $23.73 billion, a PE ratio of 13.70, a P/E/G ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter last year, the firm posted $1.36 EPS. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland announced that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) 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.