OLD Republic International Corp Reduces Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

OLD Republic International Corp trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 501,000 shares of the company’s stock after selling 6,000 shares during the quarter. OLD Republic International Corp’s holdings in Archer-Daniels-Midland were worth $36,182,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jeppson Wealth Management LLC boosted its holdings in shares of Archer-Daniels-Midland by 3.3% in the 4th 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. Park Avenue Securities LLC raised its stake in shares of Archer-Daniels-Midland by 1.0% during the 3rd quarter. Park Avenue Securities LLC now owns 16,850 shares of the company’s stock valued at $1,271,000 after buying an additional 172 shares during the last quarter. Strengthening Families & Communities LLC lifted its holdings in shares of Archer-Daniels-Midland by 37.3% in the 3rd quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock valued at $48,000 after buying an additional 174 shares during the period. Modera Wealth Management LLC boosted its stake in shares of Archer-Daniels-Midland by 3.9% in the third quarter. Modera Wealth Management LLC now owns 4,883 shares of the company’s stock worth $368,000 after buying an additional 182 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Archer-Daniels-Midland by 1.0% during the fourth quarter. Signaturefd LLC now owns 18,051 shares of the company’s stock worth $1,304,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

ADM has been the topic of several recent research reports. Jefferies Financial Group lowered their price objective 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. Citigroup raised their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Roth Mkm cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their target price for the company from $98.00 to $66.00 in a research report on Monday, January 22nd. StockNews.com cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Finally, Stifel Nicolaus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating and dropped their price objective for the company from $116.00 to $56.00 in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM traded down $0.12 during midday trading on Friday, hitting $62.32. The company’s stock had a trading volume of 646,581 shares, compared to its average volume of 5,701,174. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $87.30. The company has a market cap of $30.81 billion, a P/E ratio of 10.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. The business’s 50 day simple moving average is $60.13 and its 200 day simple moving average is $64.41.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The business had revenue of $21.85 billion for the quarter, compared to analysts’ expectations of $22.26 billion. During the same period in the previous year, the firm posted $2.09 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, analysts forecast that Archer-Daniels-Midland Company will post 5.58 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 3.21%. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share buyback program on Tuesday, March 12th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.