Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC decreased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,578 shares of the company’s stock after selling 8,084 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Archer-Daniels-Midland were worth $1,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ADM. Public Sector Pension Investment Board boosted its position in shares of Archer-Daniels-Midland by 4.4% in the third quarter. Public Sector Pension Investment Board now owns 18,804 shares of the company’s stock worth $1,123,000 after buying an additional 800 shares during the period. Janus Henderson Group PLC boosted its holdings in Archer-Daniels-Midland by 33.6% in the 3rd quarter. Janus Henderson Group PLC now owns 185,101 shares of the company’s stock worth $11,048,000 after acquiring an additional 46,511 shares during the period. Quantinno Capital Management LP grew its position in Archer-Daniels-Midland by 19.1% in the third quarter. Quantinno Capital Management LP now owns 34,925 shares of the company’s stock valued at $2,086,000 after acquiring an additional 5,607 shares in the last quarter. State Street Corp lifted its position in shares of Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after purchasing an additional 1,018,256 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Archer-Daniels-Midland by 81.1% in the third quarter. Two Sigma Advisers LP now owns 357,000 shares of the company’s stock valued at $21,327,000 after purchasing an additional 159,900 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADM. Barclays dropped their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Stephens cut their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Bank of America reduced their target price on 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. Finally, BMO Capital Markets dropped their price target 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 six have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.63.

Archer-Daniels-Midland Stock Down 8.9 %

ADM stock opened at $43.32 on Friday. The firm has a fifty day moving average price of $47.51 and a two-hundred day moving average price of $51.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a 1-year low of $43.01 and a 1-year high of $66.08. The firm has a market cap of $20.78 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.54 and a beta of 0.66.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data 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 firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 6.4% on a year-over-year basis. Research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.51 per share. This is an increase 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 4.71%. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Company 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.