Tobam Sells 11,054 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Tobam lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 47.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,195 shares of the company’s stock after selling 11,054 shares during the quarter. Tobam’s holdings in Archer-Daniels-Midland were worth $616,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ADM. Park Avenue Securities LLC lifted its holdings in shares of Archer-Daniels-Midland by 3.9% during the third quarter. Park Avenue Securities LLC now owns 8,272 shares of the company’s stock worth $494,000 after buying an additional 311 shares during the last quarter. Czech National Bank raised its stake in Archer-Daniels-Midland by 3.4% during the 3rd quarter. Czech National Bank now owns 97,402 shares of the company’s stock valued at $5,819,000 after purchasing an additional 3,182 shares during the last quarter. Atomi Financial Group Inc. grew its position in Archer-Daniels-Midland by 3.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 6,591 shares of the company’s stock worth $394,000 after purchasing an additional 210 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth about $112,000. Finally, CWM LLC raised its position in shares of Archer-Daniels-Midland by 12.7% during the third quarter. CWM LLC now owns 28,341 shares of the company’s stock valued at $1,693,000 after buying an additional 3,190 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 2.1 %

ADM opened at $45.48 on Friday. The firm has a market cap of $21.76 billion, a price-to-earnings ratio of 12.99 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The firm’s 50-day simple moving average is $51.08 and its 200-day simple moving average is $55.62. Archer-Daniels-Midland Company has a twelve month low of $45.01 and a twelve month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted 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. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.07% and a return on equity of 10.96%. The company’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $1.36 earnings per share. Equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.72 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally 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 will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ADM shares. BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday. Barclays lowered their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Bank of America cut Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $63.00 to $54.00 in a research report on Tuesday, January 14th. Citigroup boosted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, Stephens reduced their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $56.33.

Archer-Daniels-Midland 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.