Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 23.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,973 shares of the company’s stock after selling 18,558 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Archer-Daniels-Midland were worth $2,983,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. raised its position in shares of Archer-Daniels-Midland by 10.6% in the fourth quarter. Mather Group LLC. now owns 244,539 shares of the company’s stock worth $12,354,000 after acquiring an additional 23,378 shares during the period. Burford Brothers Inc. raised its holdings in Archer-Daniels-Midland by 12.5% in the 4th quarter. Burford Brothers Inc. now owns 12,645 shares of the company’s stock worth $639,000 after purchasing an additional 1,406 shares during the period. DAVENPORT & Co LLC boosted its position in Archer-Daniels-Midland by 1.1% during the fourth quarter. DAVENPORT & Co LLC now owns 21,283 shares of the company’s stock worth $1,075,000 after purchasing an additional 226 shares in the last quarter. Clear Creek Financial Management LLC acquired a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $211,000. Finally, Mediolanum International Funds Ltd increased its position in shares of Archer-Daniels-Midland by 46.6% in the fourth quarter. Mediolanum International Funds Ltd now owns 269,441 shares of the company’s stock valued at $13,458,000 after buying an additional 85,592 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ADM. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $63.00 to $54.00 in a research note on Tuesday, January 14th. Citigroup boosted their target price 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. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley cut their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. Finally, Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Two investment 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, the stock currently has a consensus rating of “Hold” and an average price target of $56.33.

Archer-Daniels-Midland Price Performance

NYSE:ADM opened at $45.74 on Monday. The stock has a 50 day moving average price of $50.72 and a 200 day moving average price of $55.38. The stock has a market cap of $21.89 billion, a PE ratio of 12.67 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. Archer-Daniels-Midland Company has a one year low of $45.01 and a one year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate 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 business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the previous year, the firm earned $1.36 EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities research analysts expect that Archer-Daniels-Midland Company will post 4.53 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a $0.51 dividend. 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. This represents a $2.04 annualized dividend and a dividend yield of 4.46%. Archer-Daniels-Midland’s dividend payout ratio is 55.40%.

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