Dakota Wealth Management Sells 585 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Dakota Wealth Management lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 74,973 shares of the company’s stock after selling 585 shares during the quarter. Dakota Wealth Management’s holdings in Archer-Daniels-Midland were worth $5,415,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Rosenberg Matthew Hamilton grew its position in shares of Archer-Daniels-Midland by 7.1% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,210 shares of the company’s stock worth $167,000 after buying an additional 146 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Archer-Daniels-Midland by 1.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,171 shares of the company’s stock valued at $1,130,000 after buying an additional 146 shares during the last quarter. Jeppson Wealth Management LLC raised its stake in Archer-Daniels-Midland by 3.3% in the fourth quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company’s stock valued at $342,000 after buying an additional 151 shares during the last quarter. Carolinas Wealth Consulting LLC raised its stake in Archer-Daniels-Midland by 37.0% in the first quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company’s stock valued at $55,000 after buying an additional 164 shares during the last quarter. Finally, Plancorp LLC raised its stake in Archer-Daniels-Midland by 5.2% in the first quarter. Plancorp LLC now owns 3,308 shares of the company’s stock valued at $299,000 after buying an additional 164 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ADM shares. Stifel Nicolaus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating and decreased their price target for the company from $116.00 to $56.00 in a research note on Monday, January 22nd. Roth Capital lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Bank of America cut their price objective on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. StockNews.com lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Finally, UBS Group reissued a “neutral” rating and issued a $51.00 price objective (down from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Stock Down 0.7 %

Archer-Daniels-Midland stock opened at $60.52 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30. The business’s 50-day moving average price is $57.62 and its 200 day moving average price is $65.92. The firm has a market cap of $30.37 billion, a price-to-earnings ratio of 9.46 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.07). Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The business had revenue of $22.98 billion during the quarter, compared to analyst estimates of $23.79 billion. During the same period in the previous year, the business posted $1.93 earnings per share. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th were issued a $0.50 dividend. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Wednesday, February 7th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 31.25%.

Archer-Daniels-Midland announced that its Board of Directors has approved a stock repurchase plan on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.