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

Choreo LLC reduced its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,418 shares of the company’s stock after selling 319 shares during the period. Choreo LLC’s holdings in Archer-Daniels-Midland were worth $319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADM. Exchange Traded Concepts LLC boosted its stake in Archer-Daniels-Midland by 119.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,077 shares of the company’s stock worth $81,000 after purchasing an additional 586 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Archer-Daniels-Midland by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 220,398 shares of the company’s stock worth $16,622,000 after acquiring an additional 2,918 shares during the period. SVB Wealth LLC grew its stake in Archer-Daniels-Midland by 32.4% during the 3rd quarter. SVB Wealth LLC now owns 11,342 shares of the company’s stock valued at $855,000 after purchasing an additional 2,774 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Archer-Daniels-Midland by 4.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 126,171 shares of the company’s stock worth $9,516,000 after purchasing an additional 5,729 shares during the last quarter. Finally, Legacy Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland during the third quarter worth about $30,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Trading Down 0.3 %

Shares of NYSE:ADM opened at $59.19 on Friday. The business’s 50 day moving average price is $59.52 and its 200-day moving average price is $64.85. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30. The firm has a market capitalization of $29.27 billion, a price-to-earnings ratio of 10.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.95.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The company’s revenue was down 9.2% compared to the same quarter last year. During the same period last year, the firm posted $2.09 earnings per share. On average, equities research analysts forecast 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 initiated a share buyback program on Tuesday, March 12th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.00 annualized dividend and a yield of 3.38%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America cut their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Stifel Nicolaus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and decreased their target price for the company from $116.00 to $56.00 in a research report on Monday, January 22nd. Barclays downgraded Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 price target on the stock. in a research report on Monday, January 22nd. Roth Mkm cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $98.00 to $66.00 in a report on Monday, January 22nd. Finally, TheStreet lowered Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.50.

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.