Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Denali Advisors LLC

Denali Advisors LLC lessened its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,020 shares of the company’s stock after selling 400 shares during the quarter. Denali Advisors LLC’s holdings in Archer-Daniels-Midland were worth $405,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new position in Archer-Daniels-Midland in the third quarter worth about $26,000. Peterson Financial Group Inc. bought a new position in shares of Archer-Daniels-Midland during the third quarter valued at approximately $28,000. Raleigh Capital Management Inc. raised its position in shares of 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 during the period. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $28,000. Institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

ADM has been the subject of a number of recent research reports. Barclays lowered their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday. Bank of America dropped their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. Citigroup boosted their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Stephens decreased their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, BMO Capital Markets cut their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $54.89.

Archer-Daniels-Midland Stock Down 0.7 %

ADM stock opened at $46.66 on Friday. The firm’s 50-day moving average is $49.23 and its two-hundred day moving average is $54.06. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $22.38 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.54 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 released its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm posted $1.36 earnings per share. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

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

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.