Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI decreased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,980 shares of the company’s stock after selling 645 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Archer-Daniels-Midland were worth $751,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Archer-Daniels-Midland during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Archer-Daniels-Midland during the third quarter worth approximately $26,000. Peterson Financial Group Inc. acquired a new position in Archer-Daniels-Midland during the third quarter worth approximately $28,000. Raleigh Capital Management Inc. grew its stake in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after buying an additional 357 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America decreased their price objective on shares of 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. Barclays decreased their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets decreased their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $54.89.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $45.84 on Wednesday. The company has a market capitalization of $21.99 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.54 and a beta of 0.72. The firm has a fifty day simple moving average of $49.00 and a 200-day simple moving average of $53.74. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results 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 analysts’ expectations of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 earnings per share. Equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.51 dividend. The ex-dividend date is Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.45%. Archer-Daniels-Midland’s dividend payout ratio is currently 56.51%.

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