Country Club Bank GFN Sells 4,019 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Country Club Bank GFN lessened its position in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,163 shares of the company’s stock after selling 4,019 shares during the period. Country Club Bank GFN’s holdings in Archer-Daniels-Midland were worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Berkshire Asset Management LLC PA boosted its holdings in shares of Archer-Daniels-Midland by 3.1% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 4,031 shares of the company’s stock worth $305,000 after purchasing an additional 120 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in Archer-Daniels-Midland by 7.1% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,210 shares of the company’s stock worth $167,000 after purchasing an additional 146 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Archer-Daniels-Midland by 1.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,171 shares of the company’s stock worth $1,130,000 after buying an additional 146 shares during the period. Jeppson Wealth Management LLC boosted its position in shares of Archer-Daniels-Midland by 3.3% during the fourth quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company’s stock valued at $342,000 after purchasing an additional 151 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC grew its position in shares of Archer-Daniels-Midland by 37.0% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company’s stock worth $55,000 after buying an additional 164 shares during the period. 78.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ADM shares. Stifel Nicolaus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating and reduced their price target for the company from $116.00 to $56.00 in a report on Monday, January 22nd. Barclays downgraded shares of Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 price objective for the company. in a research report on Monday, January 22nd. The Goldman Sachs Group cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lowered their target price for the company from $90.00 to $67.00 in a research note on Monday, January 22nd. TheStreet cut shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Finally, BMO Capital Markets reduced their price objective on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price of $67.00.

Get Our Latest Stock Analysis on ADM

Archer-Daniels-Midland Trading Up 0.1 %

Shares of NYSE ADM traded up $0.09 during mid-day trading on Tuesday, reaching $62.44. The company had a trading volume of 1,252,902 shares, compared to its average volume of 6,549,050. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. The stock has a market cap of $31.84 billion, a price-to-earnings ratio of 9.86 and a beta of 0.77. The business’s 50-day moving average is $55.67 and its 200-day moving average is $67.12. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last issued its earnings results 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 firm had revenue of $22.98 billion during the quarter, compared to analysts’ expectations of $23.79 billion. Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. Archer-Daniels-Midland’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.93 earnings per share. Equities analysts expect that Archer-Daniels-Midland Company will post 5.58 earnings per share for the current year.

Archer-Daniels-Midland announced that its board has authorized a share repurchase program on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are 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 issued a $0.50 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 3.20%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s payout ratio is currently 31.25%.

Archer-Daniels-Midland Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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