Etesian Wealth Advisors Inc. Sells 1,206 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Etesian Wealth Advisors Inc. reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 9.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,514 shares of the company’s stock after selling 1,206 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $582,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Lake Street Advisors Group LLC raised its stake in Archer-Daniels-Midland by 4.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock worth $240,000 after buying an additional 183 shares during the period. OLD National Bancorp IN raised its holdings in Archer-Daniels-Midland by 0.9% during the third quarter. OLD National Bancorp IN now owns 20,648 shares of the company’s stock worth $1,234,000 after buying an additional 189 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Archer-Daniels-Midland by 3.4% in the third quarter. UMB Bank n.a. now owns 5,830 shares of the company’s stock valued at $348,000 after buying an additional 194 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Archer-Daniels-Midland by 4.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company’s stock valued at $306,000 after buying an additional 201 shares during the last quarter. Finally, West Financial Advisors LLC raised its position in Archer-Daniels-Midland by 10.1% in the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock valued at $111,000 after buying an additional 201 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Down 2.2 %

Shares of NYSE ADM opened at $46.44 on Thursday. The firm has a 50-day simple moving average of $51.24 and a two-hundred day simple moving average of $55.69. The company has a market cap of $22.22 billion, a P/E ratio of 13.27 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. Archer-Daniels-Midland Company has a 1 year low of $45.14 and a 1 year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating 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 business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the previous year, the business posted $1.36 EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Research analysts anticipate that Archer-Daniels-Midland Company will post 4.72 earnings per share for the current year.

Archer-Daniels-Midland announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

Analyst Ratings Changes

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

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.