Gulf International Bank UK Ltd Sells 496 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Gulf International Bank UK Ltd lowered its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,414 shares of the company’s stock after selling 496 shares during the period. Gulf International Bank UK Ltd’s holdings in Archer-Daniels-Midland were worth $2,142,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Advisor OS LLC lifted its position in 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 purchasing an additional 212 shares in the last quarter. FourThought Financial Partners LLC purchased a new position in Archer-Daniels-Midland during the fourth quarter valued at $224,000. Bank of New York Mellon Corp lifted its position in Archer-Daniels-Midland by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 3,092,552 shares of the company’s stock valued at $156,236,000 after purchasing an additional 46,901 shares in the last quarter. BankPlus Trust Department purchased a new position in Archer-Daniels-Midland during the fourth quarter valued at $176,000. Finally, Skylands Capital LLC lifted its position in Archer-Daniels-Midland by 46.2% during the fourth quarter. Skylands Capital LLC now owns 78,125 shares of the company’s stock valued at $3,947,000 after purchasing an additional 24,675 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 1.5 %

Shares of ADM stock opened at $47.27 on Friday. Archer-Daniels-Midland Company has a 12-month low of $44.92 and a 12-month high of $66.08. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $49.17 and its 200-day moving average price is $53.98. The stock has a market capitalization of $22.68 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 1.54 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.51 per share. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ADM. BMO Capital Markets lowered their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Citigroup boosted their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Bank of America lowered their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 11th. Barclays lowered their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Finally, Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and an average target price of $54.89.

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.