Cambridge Investment Research Advisors Inc. Lowers Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Cambridge Investment Research Advisors Inc. reduced its position in Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 8.6% in the 4th quarter, Holdings Channel reports. The fund owned 124,236 shares of the company’s stock after selling 11,686 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $8,972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB grew its stake in Archer-Daniels-Midland by 12.8% in the 4th quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock worth $88,534,000 after acquiring an additional 139,064 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Archer-Daniels-Midland by 14.1% during the 4th quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock worth $271,000 after buying an additional 462 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Archer-Daniels-Midland by 50.3% during the 4th quarter. Victory Capital Management Inc. now owns 414,643 shares of the company’s stock worth $29,946,000 after buying an additional 138,806 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Archer-Daniels-Midland by 3.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,072,606 shares of the company’s stock worth $80,896,000 after buying an additional 31,700 shares during the last quarter. Finally, Pathstone Family Office LLC increased its holdings in shares of Archer-Daniels-Midland by 543.2% during the 3rd quarter. Pathstone Family Office LLC now owns 28,000 shares of the company’s stock worth $2,112,000 after buying an additional 23,647 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ADM. TheStreet downgraded Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a report on Monday, February 12th. Jefferies Financial Group dropped their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. BMO Capital Markets dropped their price objective on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. Citigroup upped their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Bank of America decreased their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $67.50.

Check Out Our Latest Report on Archer-Daniels-Midland

Insider Transactions at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the sale, the insider now owns 8,555 shares in the company, valued at $519,545.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $60.49 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.88. The firm has a 50-day moving average of $61.60 and a two-hundred day moving average of $63.51. The stock has a market cap of $29.91 billion, a P/E ratio of 10.61 and a beta of 0.78. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $87.30.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The business had revenue of $21.85 billion for the quarter, compared to analysts’ expectations of $22.26 billion. During the same quarter last year, the company posted $2.09 earnings per share. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, research analysts expect that Archer-Daniels-Midland Company will post 5.61 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. Archer-Daniels-Midland’s payout ratio is 35.09%.

Archer-Daniels-Midland announced that its board has authorized a stock repurchase program on Tuesday, March 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 6.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland Company 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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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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