Archer-Daniels-Midland Company (NYSE:ADM) Stock Holdings Lowered by Tobam

Tobam cut its position in Archer-Daniels-Midland Company (NYSE:ADM) by 47.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,195 shares of the company’s stock after selling 11,054 shares during the quarter. Tobam’s holdings in Archer-Daniels-Midland were worth $616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global X Japan Co. Ltd. grew its holdings in Archer-Daniels-Midland by 36.7% in the 4th quarter. Global X Japan Co. Ltd. now owns 9,207 shares of the company’s stock worth $465,000 after buying an additional 2,473 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Archer-Daniels-Midland by 2.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,057 shares of the company’s stock worth $2,680,000 after purchasing an additional 1,073 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Archer-Daniels-Midland by 1.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,500,871 shares of the company’s stock valued at $75,824,000 after purchasing an additional 28,372 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Archer-Daniels-Midland in the fourth quarter worth about $1,005,000. Finally, Mather Group LLC. grew its position in Archer-Daniels-Midland by 10.6% in the 4th quarter. Mather Group LLC. now owns 244,539 shares of the company’s stock valued at $12,354,000 after buying an additional 23,378 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Down 2.1 %

Shares of NYSE ADM opened at $45.48 on Friday. The stock has a market cap of $21.76 billion, a price-to-earnings ratio of 12.99 and a beta of 0.72. The business has a 50 day simple moving average of $51.08 and a 200 day simple moving average of $55.62. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. Archer-Daniels-Midland Company has a 52 week low of $45.01 and a 52 week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.07% and a return on equity of 10.96%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the prior year, the business posted $1.36 EPS. Archer-Daniels-Midland’s quarterly revenue was down 6.4% on a year-over-year basis. On average, research analysts predict that Archer-Daniels-Midland Company will post 4.72 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.51 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.49%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

ADM has been the subject of a number of research analyst reports. Stephens reduced their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday. BMO Capital Markets cut their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday. Barclays dropped their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Morgan Stanley decreased their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Finally, Citigroup increased their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.33.

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.