Archer-Daniels-Midland Company (NYSE:ADM) Stake Lowered by Signaturefd LLC

Signaturefd LLC reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 16.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,282 shares of the company’s stock after selling 3,143 shares during the period. Signaturefd LLC’s holdings in Archer-Daniels-Midland were worth $823,000 as of its most recent SEC filing.

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

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $46.93 on Thursday. The stock has a market cap of $22.51 billion, a P/E ratio of 13.00, a PEG ratio of 1.54 and a beta of 0.67. The company’s 50-day simple moving average is $48.49 and its 200 day simple moving average is $52.84. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. 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 (NYSE:ADM) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.35%. 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. Archer-Daniels-Midland’s dividend payout ratio is currently 56.51%.

Archer-Daniels-Midland announced that its Board of Directors has authorized 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 purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. 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. BMO Capital Markets reduced their price objective on shares of 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. Stephens cut their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Bank of America cut their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $53.63.

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.