AdvisorNet Financial Inc Cuts Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

AdvisorNet Financial Inc trimmed its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM – Free Report) by 28.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,217 shares of the company’s stock after selling 865 shares during the period. AdvisorNet Financial Inc’s holdings in Archer-Daniels-Midland were worth $160,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Berkshire Asset Management LLC PA lifted its holdings in shares of Archer-Daniels-Midland by 3.1% during the 2nd quarter. Berkshire Asset Management LLC PA now owns 4,031 shares of the company’s stock valued at $305,000 after buying an additional 120 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of Archer-Daniels-Midland by 7.1% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,210 shares of the company’s stock valued at $167,000 after buying an additional 146 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Archer-Daniels-Midland by 1.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,171 shares of the company’s stock valued at $1,130,000 after buying an additional 146 shares during the period. Jeppson Wealth Management LLC lifted its holdings in shares of Archer-Daniels-Midland by 3.3% during the 4th quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company’s stock valued at $342,000 after buying an additional 151 shares during the period. Finally, Carolinas Wealth Consulting LLC lifted its holdings in shares of Archer-Daniels-Midland by 37.0% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company’s stock valued at $55,000 after buying an additional 164 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADM has been the topic of several research analyst reports. Citigroup increased their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday. Stifel Nicolaus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating and decreased their target price for the stock from $116.00 to $56.00 in a report on Monday, January 22nd. Barclays cut Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 target price on the stock. in a report on Monday, January 22nd. Jefferies Financial Group decreased their target price on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, March 13th. Finally, Bank of America decreased their target price on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Price Performance

NYSE:ADM opened at $62.65 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34. The business’s 50-day simple moving average is $56.09 and its two-hundred day simple moving average is $66.87. The stock has a market cap of $31.94 billion, a PE ratio of 9.79 and a beta of 0.77. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM – Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). The business had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.79 billion. Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. Archer-Daniels-Midland’s revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.93 earnings per share. As a group, analysts forecast that Archer-Daniels-Midland Company will post 5.58 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were given a dividend of $0.50 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 31.25%.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share buyback plan on Tuesday, March 12th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Profile

(Free Report)

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.

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