Valeo Financial Advisors LLC Sells 324 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Valeo Financial Advisors LLC trimmed its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,059 shares of the company’s stock after selling 324 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Archer-Daniels-Midland were worth $365,000 at the end of the most recent reporting period.

Other hedge funds 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 fourth quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock valued at $88,534,000 after purchasing an additional 139,064 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Archer-Daniels-Midland by 3.0% in the third quarter. Canada Pension Plan Investment Board now owns 1,072,606 shares of the company’s stock valued at $80,896,000 after purchasing an additional 31,700 shares in the last quarter. Pathstone Family Office LLC grew its stake in Archer-Daniels-Midland by 543.2% in the third quarter. Pathstone Family Office LLC now owns 28,000 shares of the company’s stock valued at $2,112,000 after purchasing an additional 23,647 shares in the last quarter. Artemis Investment Management LLP grew its stake in Archer-Daniels-Midland by 12.3% in the fourth quarter. Artemis Investment Management LLP now owns 733,113 shares of the company’s stock valued at $52,946,000 after purchasing an additional 80,245 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Archer-Daniels-Midland by 34.7% in the third quarter. International Assets Investment Management LLC now owns 4,189 shares of the company’s stock valued at $320,000 after purchasing an additional 1,078 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $60.97 on Monday. The stock has a market capitalization of $30.59 billion, a PE ratio of 9.53 and a beta of 0.77. 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 business has a fifty day moving average price of $57.47 and a two-hundred day moving average price of $66.03. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.07). The company had revenue of $22.98 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.93 earnings per share. As a group, equities analysts predict that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were paid a $0.50 dividend. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 31.25%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ADM. Robert W. Baird cut Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $96.00 to $61.00 in a research report on Monday, January 22nd. Roth Capital cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Roth Mkm cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their price objective for the company from $98.00 to $66.00 in a research report on Monday, January 22nd. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Stifel Nicolaus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating and dropped their price target for the stock from $116.00 to $56.00 in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland 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.