Farther Finance Advisors LLC Sells 3,953 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Farther Finance Advisors LLC lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 28.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,712 shares of the company’s stock after selling 3,953 shares during the quarter. Farther Finance Advisors LLC’s holdings in Archer-Daniels-Midland were worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. West Financial Advisors LLC raised its holdings in shares of Archer-Daniels-Midland by 10.1% during the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock valued at $111,000 after acquiring an additional 201 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Archer-Daniels-Midland by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock valued at $109,000 after acquiring an additional 210 shares in the last quarter. Invesco LLC raised its holdings in shares of Archer-Daniels-Midland by 1.3% during the fourth quarter. Invesco LLC now owns 16,242 shares of the company’s stock valued at $821,000 after acquiring an additional 211 shares in the last quarter. Advisor OS LLC raised its holdings in shares of Archer-Daniels-Midland by 4.9% during the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock valued at $231,000 after acquiring an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC raised its holdings in shares of Archer-Daniels-Midland by 2.8% during the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock valued at $402,000 after acquiring an additional 216 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ADM. Barclays reduced their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Citigroup upped their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. BMO Capital Markets reduced their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Bank of America reduced their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 11th. Finally, Stephens reduced their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $53.63.

Archer-Daniels-Midland Trading Up 0.0 %

NYSE ADM opened at $47.26 on Monday. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08. The stock has a market cap of $22.67 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.54 and a beta of 0.67. The stock’s fifty day moving average price is $48.62 and its 200-day moving average price is $53.07. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 earnings per share. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS 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. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.