Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its position in Archer-Daniels-Midland Company (NYSE:ADM) by 29.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,520 shares of the company’s stock after selling 11,278 shares during the quarter. D.A. Davidson & CO.’s holdings in Archer-Daniels-Midland were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ADM. Harbor Capital Advisors Inc. acquired a new position in Archer-Daniels-Midland during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in Archer-Daniels-Midland during the 3rd quarter worth $26,000. Peterson Financial Group Inc. acquired a new position in Archer-Daniels-Midland during the 3rd quarter worth $28,000. Raleigh Capital Management Inc. grew its stake in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after purchasing an additional 357 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the 4th quarter worth about $28,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Up 3.8 %

ADM opened at $48.30 on Friday. The business has a 50 day moving average price of $49.47 and a two-hundred day moving average price of $54.33. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. The company has a market cap of $23.11 billion, a PE ratio of 13.38, a P/E/G ratio of 1.48 and a beta of 0.72. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week 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, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the prior year, the business earned $1.36 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its board has initiated a stock buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm 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 is a boost 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 yield of 4.22%. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Analyst Ratings Changes

A number of analysts have issued reports on ADM shares. Citigroup lifted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Morgan Stanley decreased their price target 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. BMO Capital Markets decreased their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Barclays reduced their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Finally, Bank of America reduced their target price 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. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $55.11.

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.