Rhumbline Advisers Lowers Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Rhumbline Advisers reduced its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 925,821 shares of the company’s stock after selling 14,250 shares during the period. Rhumbline Advisers’ holdings in Archer-Daniels-Midland were worth $46,772,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ADM. Harbor Capital Advisors Inc. purchased a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in Archer-Daniels-Midland in the third quarter worth about $26,000. Peterson Financial Group Inc. purchased a new position in Archer-Daniels-Midland in the third quarter worth about $28,000. Raleigh Capital Management Inc. raised its holdings in Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after buying an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in Archer-Daniels-Midland in the fourth quarter worth about $28,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ADM. Morgan Stanley decreased their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Stephens decreased their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup boosted their price objective 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. Barclays decreased their price objective on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Finally, BMO Capital Markets decreased their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $55.11.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM opened at $46.12 on Tuesday. The firm has a 50 day moving average of $50.06 and a 200 day moving average of $54.73. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $22.07 billion, a price-to-earnings ratio of 12.77 and a beta of 0.72. Archer-Daniels-Midland Company has a 12-month low of $44.92 and a 12-month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 2.10% and a return on equity of 10.44%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 earnings per share. On average, research analysts anticipate that Archer-Daniels-Midland Company will post 4.53 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.51 dividend. This is a positive change 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 4.42%. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is presently 55.40%.

Archer-Daniels-Midland declared that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

About Archer-Daniels-Midland

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.