Skandinaviska Enskilda Banken AB publ Has $4.96 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Skandinaviska Enskilda Banken AB publ lessened its position in Archer-Daniels-Midland Company (NYSE:ADM) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 99,124 shares of the company’s stock after selling 4,400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Archer-Daniels-Midland were worth $4,963,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC grew its stake in Archer-Daniels-Midland by 9.3% in the fourth quarter. Truvestments Capital LLC now owns 50,191 shares of the company’s stock valued at $2,536,000 after acquiring an additional 4,281 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Archer-Daniels-Midland by 26.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,366 shares of the company’s stock valued at $524,000 after buying an additional 2,183 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Archer-Daniels-Midland by 4.2% during the fourth quarter. HighTower Advisors LLC now owns 82,203 shares of the company’s stock valued at $4,153,000 after buying an additional 3,291 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of Archer-Daniels-Midland by 14.7% during the fourth quarter. Moors & Cabot Inc. now owns 20,041 shares of the company’s stock valued at $1,012,000 after buying an additional 2,574 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $47.26 on Friday. The firm has a market cap of $22.67 billion, a PE ratio of 13.09, a PEG ratio of 1.54 and a beta of 0.67. The stock’s fifty day moving average price is $48.62 and its two-hundred day moving average price is $53.12. 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 Company has a 1 year low of $44.92 and a 1 year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same period in the previous year, the company posted $1.36 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to purchase shares 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 Increases Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on ADM. BMO Capital Markets cut 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. Stephens cut their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Bank of America dropped their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. Finally, Citigroup lifted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $53.63.

Archer-Daniels-Midland Company Profile

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.