Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Position in Archer-Daniels-Midland Company (NYSE:ADM)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in Archer-Daniels-Midland Company (NYSE:ADM) by 25.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,643 shares of the company’s stock after selling 38,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Archer-Daniels-Midland were worth $5,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ADM. Sequoia Financial Advisors LLC lifted its position in Archer-Daniels-Midland by 8.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,183 shares of the company’s stock worth $489,000 after buying an additional 647 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Archer-Daniels-Midland by 7.9% during the third quarter. Private Advisor Group LLC now owns 30,440 shares of the company’s stock worth $1,834,000 after acquiring an additional 2,225 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of Archer-Daniels-Midland by 31.9% in the 3rd quarter. Ballentine Partners LLC now owns 7,283 shares of the company’s stock valued at $435,000 after purchasing an additional 1,762 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of 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 valued at $240,000 after purchasing an additional 183 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Archer-Daniels-Midland by 1.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,531 shares of the company’s stock worth $4,652,000 after purchasing an additional 823 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock opened at $48.41 on Tuesday. The business has a 50 day moving average of $49.40 and a 200 day moving average of $54.23. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week high of $66.08. The company has a market cap of $23.22 billion, a PE ratio of 13.41, a P/E/G ratio of 1.48 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion during 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 company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 EPS. As a group, equities research analysts forecast 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 buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed 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 4.21%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ADM shares. Citigroup upped their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Barclays dropped their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday. Morgan Stanley decreased their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Bank of America dropped their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. Finally, Stephens decreased their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.89.

Archer-Daniels-Midland Company 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.