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

Evanson Asset Management LLC reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,800 shares of the company’s stock after selling 205 shares during the period. Evanson Asset Management LLC’s holdings in Archer-Daniels-Midland were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at $525,111,000. Morgan Stanley raised its position in Archer-Daniels-Midland by 41.8% in the 3rd quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock valued at $651,737,000 after purchasing an additional 2,547,232 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at about $105,741,000. State Street Corp increased its stake in shares of Archer-Daniels-Midland by 4.4% during the second quarter. State Street Corp now owns 31,364,445 shares of the company’s stock worth $2,369,897,000 after buying an additional 1,314,810 shares during the period. Finally, Deutsche Bank AG raised its holdings in Archer-Daniels-Midland by 73.7% in the first quarter. Deutsche Bank AG now owns 2,935,163 shares of the company’s stock valued at $233,815,000 after acquiring an additional 1,245,194 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ADM. Roth Capital cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. StockNews.com downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Roth Mkm cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $98.00 to $66.00 in a report on Monday, January 22nd. TheStreet lowered shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Finally, The Goldman Sachs Group cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their target price for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $67.00.

Archer-Daniels-Midland Price Performance

Shares of ADM traded down $0.20 during trading hours on Thursday, reaching $62.79. The company had a trading volume of 4,120,193 shares, compared to its average volume of 6,690,766. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $87.30. The company has a market capitalization of $32.01 billion, a price-to-earnings ratio of 9.81 and a beta of 0.75. The firm has a 50 day simple moving average of $55.89 and a 200-day simple moving average of $67.43. 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 (NYSE:ADM) last released 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 business had revenue of $22.98 billion during the quarter, compared to analyst estimates of $23.79 billion. Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.93 earnings per share. Research analysts expect that Archer-Daniels-Midland Company will post 5.58 earnings per share for the current year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 12th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Wednesday, February 7th. This is an increase 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.