Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Signaturefd LLC

Signaturefd LLC reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 16.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,282 shares of the company’s stock after selling 3,143 shares during the period. Signaturefd LLC’s holdings in Archer-Daniels-Midland were worth $823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ADM. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Archer-Daniels-Midland in the third quarter valued at approximately $1,594,000. Segall Bryant & Hamill LLC acquired a new position in Archer-Daniels-Midland in the third quarter valued at approximately $699,000. First Horizon Advisors Inc. boosted its stake in Archer-Daniels-Midland by 32.2% in the third quarter. First Horizon Advisors Inc. now owns 14,681 shares of the company’s stock valued at $877,000 after acquiring an additional 3,577 shares during the period. Cornerstone Advisors LLC boosted its stake in Archer-Daniels-Midland by 4.3% in the third quarter. Cornerstone Advisors LLC now owns 19,300 shares of the company’s stock valued at $1,153,000 after acquiring an additional 800 shares during the period. Finally, Intech Investment Management LLC boosted its stake in Archer-Daniels-Midland by 10.4% in the third quarter. Intech Investment Management LLC now owns 19,110 shares of the company’s stock valued at $1,142,000 after acquiring an additional 1,807 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Down 1.6 %

Archer-Daniels-Midland stock opened at $46.93 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The firm has a market cap of $22.51 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08. The firm’s 50 day moving average price is $48.49 and its two-hundred day moving average price is $52.84.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 earnings per share. On average, research 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 authorized a stock repurchase program on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.35%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Analysts Set New Price Targets

ADM has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Citigroup lifted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Stephens cut their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Barclays cut their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Finally, Bank of America cut their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $53.63.

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.