Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Rodgers Brothers Inc.

Rodgers Brothers Inc. trimmed its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 54.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,611 shares of the company’s stock after selling 44,400 shares during the quarter. Rodgers Brothers Inc.’s holdings in Archer-Daniels-Midland were worth $1,900,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Archer-Daniels-Midland in the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. raised its position in shares of Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after buying an additional 357 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $28,000. ST Germain D J Co. Inc. boosted its position in Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after acquiring an additional 500 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in Archer-Daniels-Midland in the 4th quarter valued at $30,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on ADM. Citigroup lifted their price objective 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. Bank of America lowered their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, February 11th. Barclays cut their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Morgan Stanley lowered their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Finally, Stephens decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus target price of $53.63.

Archer-Daniels-Midland Price Performance

ADM opened at $47.87 on Monday. The company has a 50 day moving average of $47.89 and a two-hundred day moving average of $52.14. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market cap of $22.97 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.54 and a beta of 0.67.

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

Archer-Daniels-Midland declared that its board has approved a share 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. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date was Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio is currently 56.51%.

About Archer-Daniels-Midland

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.