Mutual of America Capital Management LLC Sells 3,643 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Mutual of America Capital Management LLC lowered its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,537 shares of the company’s stock after selling 3,643 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Archer-Daniels-Midland were worth $5,166,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PCA Investment Advisory Services Inc. purchased a new position in shares of Archer-Daniels-Midland in the 2nd quarter worth approximately $25,000. Orion Capital Management LLC purchased a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Tompkins Financial Corp purchased a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Legacy Financial Group LLC purchased a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $30,000. Finally, Operose Advisors LLC purchased a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth approximately $30,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

ADM opened at $60.97 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95. The firm has a fifty day moving average price of $57.47 and a 200 day moving average price of $66.03. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30. The stock has a market cap of $30.59 billion, a P/E ratio of 9.53 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.07). Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The firm had revenue of $22.98 billion during the quarter, compared to analyst estimates of $23.79 billion. During the same quarter in the prior year, the firm earned $1.93 earnings per share. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. Equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were paid a $0.50 dividend. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Wednesday, February 7th. Archer-Daniels-Midland’s payout ratio is currently 31.25%.

Archer-Daniels-Midland declared that its board has authorized a share buyback program on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

ADM has been the topic of several research analyst reports. Barclays downgraded shares of Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 target price on the stock. in a research report on Monday, January 22nd. Robert W. Baird downgraded shares of Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $96.00 to $61.00 in a research report on Monday, January 22nd. Roth Mkm downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $98.00 to $66.00 in a research report on Monday, January 22nd. StockNews.com downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, Jefferies Financial Group dropped their target price on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.50.

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.