Brandywine Global Investment Management LLC Sells 900 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Brandywine Global Investment Management LLC trimmed its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 0.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 683,934 shares of the company’s stock after selling 900 shares during the period. Brandywine Global Investment Management LLC’s holdings in Archer-Daniels-Midland were worth $34,552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Archer-Daniels-Midland by 33.9% during the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after purchasing an additional 1,007,494 shares during the period. D.A. Davidson & CO. grew its stake in shares of Archer-Daniels-Midland by 6.7% during the third quarter. D.A. Davidson & CO. now owns 37,798 shares of the company’s stock valued at $2,258,000 after buying an additional 2,380 shares during the last quarter. Townsquare Capital LLC raised its holdings in shares of Archer-Daniels-Midland by 24.4% in the third quarter. Townsquare Capital LLC now owns 10,212 shares of the company’s stock worth $610,000 after buying an additional 2,005 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of Archer-Daniels-Midland by 47.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 23,578 shares of the company’s stock worth $1,409,000 after acquiring an additional 7,558 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in Archer-Daniels-Midland by 4.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 18,804 shares of the company’s stock valued at $1,123,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ADM shares. Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets dropped their target price on shares of 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. Barclays decreased their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. Morgan Stanley cut their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Finally, Citigroup upped their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $53.63.

Archer-Daniels-Midland Price Performance

ADM opened at $47.87 on Friday. The firm has a market capitalization of $22.97 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The business’s 50-day moving average is $47.89 and its two-hundred day moving average is $52.19. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. The firm 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%. Archer-Daniels-Midland’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.36 EPS. 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. Shareholders of record on Tuesday, February 18th were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.26%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership 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.