Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,255 shares of the company’s stock after selling 353 shares during the period. Signet Financial Management LLC’s holdings in Archer-Daniels-Midland were worth $380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton grew its holdings in Archer-Daniels-Midland by 7.1% in the third quarter. Rosenberg Matthew Hamilton now owns 2,210 shares of the company’s stock valued at $167,000 after purchasing an additional 146 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings 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 purchasing an additional 146 shares during the last quarter. Jeppson Wealth Management LLC boosted its stake in shares of Archer-Daniels-Midland by 3.3% during the fourth quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company’s stock valued at $342,000 after acquiring an additional 151 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its stake in shares of Archer-Daniels-Midland by 37.0% during the first quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company’s stock valued at $55,000 after acquiring an additional 164 shares during the last quarter. Finally, Plancorp LLC boosted its stake in shares of Archer-Daniels-Midland by 5.2% during the first quarter. Plancorp LLC now owns 3,308 shares of the company’s stock valued at $299,000 after acquiring an additional 164 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADM. Jefferies Financial Group reduced their target price on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, March 13th. Bank of America reduced their target price on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. The Goldman Sachs Group downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $90.00 to $67.00 in a report on Monday, January 22nd. Robert W. Baird downgraded Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $96.00 to $61.00 in a report on Monday, January 22nd. Finally, Stifel Nicolaus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating and lowered their target price for the company from $116.00 to $56.00 in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $60.26 on Wednesday. The firm has a market cap of $30.24 billion, a PE ratio of 9.42 and a beta of 0.77. The business has a 50 day moving average price of $57.76 and a two-hundred day moving average price of $65.81. 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 fifty-two week low of $50.72 and a fifty-two week high of $87.30.

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

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were issued a $0.50 dividend. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 3.32%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 31.25%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock repurchase program on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is 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.