Stamos Capital Partners L.P. Sells 3,910 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Stamos Capital Partners L.P. lessened its stake in Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 28.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,820 shares of the company’s stock after selling 3,910 shares during the period. Stamos Capital Partners L.P.’s holdings in Archer-Daniels-Midland were worth $709,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC bought a new position in Archer-Daniels-Midland in the third quarter valued at about $28,000. Tompkins Financial Corp bought a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Operose Advisors LLC purchased a new position in shares of Archer-Daniels-Midland in the third quarter worth approximately $30,000. EdgeRock Capital LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter valued at approximately $35,000. Finally, Sachetta LLC purchased a new stake in Archer-Daniels-Midland during the fourth quarter valued at approximately $38,000. 78.28% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the sale, the insider now owns 8,555 shares of the company’s stock, valued at $519,545.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded up $0.10 on Friday, reaching $61.27. The company’s stock had a trading volume of 3,185,818 shares, compared to its average volume of 3,604,217. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $61.42 and its 200-day simple moving average is $62.79. The company has a market capitalization of $30.29 billion, a price-to-earnings ratio of 10.75 and a beta of 0.75.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. During the same period in the previous year, the firm posted $2.09 EPS. The business’s quarterly revenue was down 9.2% on a year-over-year basis. Analysts forecast that Archer-Daniels-Midland Company will post 5.61 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 allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADM. TheStreet cut shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Citigroup boosted their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Bank of America decreased their price objective on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Jefferies Financial Group cut their price target on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday, March 13th. Finally, BMO Capital Markets lowered their price objective on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $67.50.

Get Our Latest Report on ADM

Archer-Daniels-Midland Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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