SVB Wealth LLC Sells 423 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

SVB Wealth LLC lessened its position in Archer-Daniels-Midland Company (NYSE:ADM) by 3.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,919 shares of the company’s stock after selling 423 shares during the period. SVB Wealth LLC’s holdings in Archer-Daniels-Midland were worth $789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADM. Emfo LLC purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $51,000. Flputnam Investment Management Co. purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $332,000. Invesco LLC raised its holdings in shares of Archer-Daniels-Midland by 40.0% during the fourth quarter. Invesco LLC now owns 11,707 shares of the company’s stock valued at $845,000 after purchasing an additional 3,347 shares during the last quarter. Syntax Research Inc. purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $2,154,000. Finally, Strs Ohio raised its holdings in shares of Archer-Daniels-Midland by 1.2% during the fourth quarter. Strs Ohio now owns 250,044 shares of the company’s stock valued at $18,058,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM opened at $62.60 on Friday. The firm has a fifty day moving average price of $58.28 and a 200-day moving average price of $65.67. 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 stock has a market cap of $31.41 billion, a PE ratio of 9.78 and a beta of 0.77. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The company had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.79 billion. During the same quarter in the prior year, the company posted $1.93 EPS. Archer-Daniels-Midland’s revenue was down 11.4% compared to the same quarter last year. Equities analysts anticipate 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 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 buy up to 6.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were given a dividend of $0.50 per share. 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 dividend on an annualized basis and a dividend yield of 3.19%. Archer-Daniels-Midland’s dividend payout ratio is currently 31.25%.

Analyst Ratings Changes

A number of brokerages have commented on ADM. StockNews.com cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Jefferies Financial Group reduced their target price on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. Stifel Nicolaus cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and reduced their target price for the company from $116.00 to $56.00 in a report on Monday, January 22nd. Bank of America reduced their target price on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Finally, BMO Capital Markets reduced their target price on shares of 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. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.