Avior Wealth Management LLC Sells 513 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Avior Wealth Management LLC reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 8.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,491 shares of the company’s stock after selling 513 shares during the quarter. Avior Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $397,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PCA Investment Advisory Services Inc. bought a new position in shares of Archer-Daniels-Midland during the 2nd quarter valued at approximately $25,000. Orion Capital Management LLC bought a new stake in Archer-Daniels-Midland in the third quarter worth $28,000. Tompkins Financial Corp bought a new stake in Archer-Daniels-Midland in the third quarter worth $28,000. Legacy Financial Group LLC bought a new stake in Archer-Daniels-Midland in the third quarter worth $30,000. Finally, Operose Advisors LLC bought a new stake in Archer-Daniels-Midland in the third quarter worth $30,000. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Stifel Nicolaus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating and lowered their price target for the stock from $116.00 to $56.00 in a research report on Monday, January 22nd. Jefferies Financial Group lowered their price target on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. The Goldman Sachs Group lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $67.00 in a research note on Monday, January 22nd. Finally, Roth Mkm lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $98.00 to $66.00 in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock opened at $61.74 on Friday. The firm has a market cap of $30.98 billion, a P/E ratio of 9.65 and a beta of 0.77. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30. The stock’s fifty day moving average price is $58.09 and its 200-day moving average price is $65.75.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.07). The firm had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $23.79 billion. Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The business’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.93 EPS. On average, equities research analysts expect that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 6.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 3.24%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 31.25%.

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.