Wealthspire Advisors LLC Sells 771 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Wealthspire Advisors LLC cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,014 shares of the company’s stock after selling 771 shares during the period. Wealthspire Advisors LLC’s holdings in Archer-Daniels-Midland were worth $405,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new position in shares of Archer-Daniels-Midland during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in Archer-Daniels-Midland during the third quarter worth $26,000. Peterson Financial Group Inc. acquired a new position in Archer-Daniels-Midland during the 3rd quarter valued at $28,000. Raleigh Capital Management Inc. boosted its holdings in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 357 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in Archer-Daniels-Midland in the 4th quarter worth $28,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 3.6 %

Shares of ADM opened at $47.01 on Thursday. The stock has a market cap of $22.55 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 1.54 and a beta of 0.72. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08. The company has a 50-day moving average price of $49.29 and a two-hundred day moving average price of $54.11.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its board has initiated a share repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.34%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is 56.51%.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of research analyst reports. Stephens cut their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Bank of America reduced their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. Citigroup increased their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. BMO Capital Markets reduced their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Finally, Barclays reduced their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.89.

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.