Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. cut its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,671 shares of the company’s stock after selling 525 shares during the period. Weatherly Asset Management L. P.’s holdings in Archer-Daniels-Midland were worth $3,371,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Morgan Stanley grew its holdings in Archer-Daniels-Midland by 41.8% during the third quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock worth $651,737,000 after acquiring an additional 2,547,232 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Archer-Daniels-Midland by 27,778.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,009,197 shares of the company’s stock worth $76,114,000 after purchasing an additional 1,005,577 shares in the last quarter. AQR Capital Management LLC boosted its position in Archer-Daniels-Midland by 31.4% during the third quarter. AQR Capital Management LLC now owns 2,864,305 shares of the company’s stock worth $216,026,000 after purchasing an additional 683,984 shares in the last quarter. LSV Asset Management boosted its position in Archer-Daniels-Midland by 33.8% during the third quarter. LSV Asset Management now owns 2,395,296 shares of the company’s stock worth $180,653,000 after purchasing an additional 605,696 shares in the last quarter. Finally, Nomura Holdings Inc. boosted its position in Archer-Daniels-Midland by 150.1% during the third quarter. Nomura Holdings Inc. now owns 171,629 shares of the company’s stock worth $12,944,000 after purchasing an additional 513,903 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 13th. Roth Mkm downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $98.00 to $66.00 in a research report on Monday, January 22nd. Citigroup increased their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. StockNews.com downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, The Goldman Sachs Group downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their target price for the company from $90.00 to $67.00 in a research report 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.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Stock Performance

NYSE ADM traded down $0.70 on Tuesday, hitting $61.80. 3,195,195 shares of the company’s stock were exchanged, compared to its average volume of 6,029,632. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95. The firm’s 50-day moving average price is $58.46 and its two-hundred day moving average price is $65.48. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30. The firm has a market cap of $31.01 billion, a price-to-earnings ratio of 9.65 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The business’s revenue was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.93 EPS. On average, research analysts expect that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.24%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s dividend payout ratio is currently 31.25%.

Archer-Daniels-Midland announced that its board has authorized a share repurchase program on Tuesday, March 12th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Company 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.