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

Barings LLC lessened its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 49.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,983 shares of the company’s stock after selling 37,721 shares during the period. Barings LLC’s holdings in Archer-Daniels-Midland were worth $1,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. State Street Corp boosted its stake in Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after acquiring an additional 1,018,256 shares in the last quarter. Wellington Management Group LLP boosted its stake in Archer-Daniels-Midland by 41.5% in the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Archer-Daniels-Midland by 28.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after buying an additional 2,296,193 shares during the last quarter. FMR LLC raised its holdings in shares of Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after buying an additional 1,007,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company’s stock valued at $195,813,000 after buying an additional 268,102 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ADM. BMO Capital Markets reduced their target price on shares of 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. Morgan Stanley reduced their target price on shares of 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. Bank of America cut their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, February 11th. Citigroup increased their price target 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. Finally, Barclays cut their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $54.89.

Archer-Daniels-Midland Trading Up 2.9 %

Shares of ADM opened at $49.46 on Friday. 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 firm’s 50-day moving average is $48.83 and its two-hundred day moving average is $53.54. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The firm has a market capitalization of $23.73 billion, a P/E ratio of 13.70, a PEG ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same period in the prior year, the business 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, research analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business 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 positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.12%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland announced that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.