Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. decreased its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,014 shares of the company’s stock after selling 2,907 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in Archer-Daniels-Midland were worth $759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. West Financial Advisors LLC boosted its holdings 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 worth $111,000 after buying an additional 201 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Archer-Daniels-Midland by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock worth $109,000 after acquiring an additional 210 shares during the last quarter. Invesco LLC raised its stake in Archer-Daniels-Midland by 1.3% in the 4th quarter. Invesco LLC now owns 16,242 shares of the company’s stock valued at $821,000 after purchasing an additional 211 shares during the last quarter. Advisor OS LLC lifted its holdings in Archer-Daniels-Midland by 4.9% in the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock valued at $231,000 after purchasing an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC boosted its stake in Archer-Daniels-Midland by 2.8% during the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock worth $402,000 after purchasing an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

NYSE:ADM opened at $48.02 on Tuesday. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week high of $66.08. The stock’s fifty day moving average is $48.58 and its two-hundred day moving average is $52.97. The company has a market capitalization of $23.03 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion for 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%. Archer-Daniels-Midland’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 EPS. Equities analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its board has approved a stock repurchase program on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 56.51%.

Analyst Ratings Changes

ADM has been the topic of several research reports. Bank of America decreased their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 11th. Barclays lowered their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Morgan Stanley cut 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. Stephens dropped their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, 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. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $53.63.

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.