Bfsg LLC Cuts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Bfsg LLC trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,025 shares of the company’s stock after selling 3,211 shares during the period. Bfsg LLC’s holdings in Archer-Daniels-Midland were worth $2,376,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS increased its stake in shares of Archer-Daniels-Midland by 1.0% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 223,050 shares of the company’s stock worth $11,268,000 after acquiring an additional 2,158 shares during the period. Empower Advisory Group LLC increased its position in Archer-Daniels-Midland by 6.7% during the 4th quarter. Empower Advisory Group LLC now owns 1,215,242 shares of the company’s stock worth $61,394,000 after purchasing an additional 76,787 shares during the period. CIBC Asset Management Inc raised its stake in shares of Archer-Daniels-Midland by 1.9% during the 4th quarter. CIBC Asset Management Inc now owns 85,318 shares of the company’s stock worth $4,310,000 after buying an additional 1,557 shares in the last quarter. Csenge Advisory Group lifted its holdings in shares of Archer-Daniels-Midland by 60.8% in the 4th quarter. Csenge Advisory Group now owns 35,954 shares of the company’s stock valued at $1,816,000 after buying an additional 13,598 shares during the period. Finally, Allworth Financial LP grew its holdings in Archer-Daniels-Midland by 9.6% during the fourth quarter. Allworth Financial LP now owns 2,648 shares of the company’s stock worth $134,000 after acquiring an additional 232 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $46.12 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. The business’s fifty day moving average price is $50.06 and its two-hundred day moving average price is $54.73. The stock has a market cap of $22.07 billion, a PE ratio of 12.77 and a beta of 0.72. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $1.36 EPS. On average, analysts forecast that Archer-Daniels-Midland Company will post 4.53 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.42%. Archer-Daniels-Midland’s dividend payout ratio is presently 55.40%.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays decreased their target price on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets reduced their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Stephens lowered their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Morgan Stanley reduced their price objective on 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. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $55.11.

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.