Johnson Financial Group Inc. Has $403,000 Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Johnson Financial Group Inc. cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 48.4% in the 4th quarter, HoldingsChannel reports. The fund owned 5,580 shares of the company’s stock after selling 5,227 shares during the quarter. Johnson Financial Group Inc.’s holdings in Archer-Daniels-Midland were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ADM. Orion Capital Management LLC bought a new stake in Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Tompkins Financial Corp acquired a new position in shares of Archer-Daniels-Midland in the third quarter valued at about $28,000. Operose Advisors LLC bought a new position in Archer-Daniels-Midland during the third quarter worth about $30,000. EdgeRock Capital LLC acquired a new stake in Archer-Daniels-Midland in the 4th quarter worth about $35,000. Finally, Sachetta LLC acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $38,000. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ADM. BMO Capital Markets dropped their price target on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday, March 13th. Jefferies Financial Group cut their target price on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company 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 report on Thursday, March 14th. TheStreet cut shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Finally, Citigroup raised their target price on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $67.50.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the transaction, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock traded down $0.23 during mid-day trading on Friday, reaching $60.49. The company had a trading volume of 2,730,740 shares, compared to its average volume of 3,830,116. The business has a fifty day simple moving average of $61.60 and a 200 day simple moving average of $63.57. The company has a market cap of $29.91 billion, a P/E ratio of 10.61 and a beta of 0.78. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. 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 released its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating 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 company had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. During the same quarter last year, the business posted $2.09 EPS. Archer-Daniels-Midland’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, equities research analysts predict that Archer-Daniels-Midland Company will post 5.61 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.00 annualized dividend and a yield of 3.31%. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Archer-Daniels-Midland announced that its Board of Directors has approved a share buyback plan on Tuesday, March 12th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to buy up to 6.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is 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.