Truist Financial Corp Sells 103,879 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Truist Financial Corp lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 52.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,523 shares of the company’s stock after selling 103,879 shares during the period. Truist Financial Corp’s holdings in Archer-Daniels-Midland were worth $6,899,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Van Cleef Asset Management Inc raised its holdings in Archer-Daniels-Midland by 0.4% during the fourth quarter. Van Cleef Asset Management Inc now owns 134,825 shares of the company’s stock worth $9,737,000 after acquiring an additional 603 shares in the last quarter. Syon Capital LLC raised its holdings in Archer-Daniels-Midland by 25.5% during the fourth quarter. Syon Capital LLC now owns 8,373 shares of the company’s stock worth $605,000 after acquiring an additional 1,699 shares in the last quarter. Community Bank N.A. raised its stake in Archer-Daniels-Midland by 13.6% in the fourth quarter. Community Bank N.A. now owns 14,160 shares of the company’s stock valued at $1,023,000 after buying an additional 1,700 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in Archer-Daniels-Midland by 3.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,546 shares of the company’s stock valued at $978,000 after buying an additional 401 shares during the period. Finally, Atria Wealth Solutions Inc. raised its stake in Archer-Daniels-Midland by 5.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 25,217 shares of the company’s stock valued at $1,821,000 after buying an additional 1,285 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.3 %

Shares of ADM stock opened at $59.19 on Friday. The stock’s fifty day moving average price is $59.52 and its two-hundred day moving average price is $64.85. The company has a market cap of $29.27 billion, a PE ratio of 10.38 and a beta of 0.78. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 1.47.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The firm had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. During the same quarter last year, the business posted $2.09 EPS. The company’s revenue was down 9.2% compared to the same quarter last year. Equities analysts predict that Archer-Daniels-Midland Company will post 5.48 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its board has authorized a stock buyback plan on Tuesday, March 12th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ADM shares. UBS Group restated a “neutral” rating and issued a $51.00 price objective (down previously from $104.00) on shares of Archer-Daniels-Midland in a research note on Friday, January 26th. Citigroup increased their target price on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Robert W. Baird lowered Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $96.00 to $61.00 in a research note on Monday, January 22nd. Jefferies Financial Group lowered their target price on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, March 13th. Finally, StockNews.com downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and an average price target 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.