Securian Asset Management Inc. Has $1.30 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Securian Asset Management Inc. trimmed its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,697 shares of the company’s stock after selling 747 shares during the period. Securian Asset Management Inc.’s holdings in Archer-Daniels-Midland were worth $1,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Truvestments Capital LLC increased its holdings in Archer-Daniels-Midland by 9.3% in the fourth quarter. Truvestments Capital LLC now owns 50,191 shares of the company’s stock valued at $2,536,000 after purchasing an additional 4,281 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Archer-Daniels-Midland by 26.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,366 shares of the company’s stock worth $524,000 after acquiring an additional 2,183 shares during the period. HighTower Advisors LLC grew its holdings in Archer-Daniels-Midland by 4.2% during the 4th quarter. HighTower Advisors LLC now owns 82,203 shares of the company’s stock worth $4,153,000 after acquiring an additional 3,291 shares during the period. Moors & Cabot Inc. grew its holdings in Archer-Daniels-Midland by 14.7% during the 4th quarter. Moors & Cabot Inc. now owns 20,041 shares of the company’s stock worth $1,012,000 after acquiring an additional 2,574 shares during the period. Finally, Fairway Wealth LLC acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth about $25,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $47.26 on Friday. Archer-Daniels-Midland Company has a fifty-two week low of $44.92 and a fifty-two week high of $66.08. The stock has a market cap of $22.67 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The firm’s 50-day simple moving average is $48.62 and its 200 day simple moving average is $53.17.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter last year, the firm earned $1.36 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.51 dividend. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.32%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

Archer-Daniels-Midland announced that its board has approved a stock buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have weighed in on ADM shares. Citigroup increased their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Bank of America decreased their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, February 11th. Stephens decreased their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. BMO Capital Markets cut their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Finally, Barclays cut their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and an average target price of $53.63.

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.