Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,664 shares of the company’s stock after selling 1,020 shares during the period. Baker Ellis Asset Management LLC’s holdings in Archer-Daniels-Midland were worth $4,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ADM. PCA Investment Advisory Services Inc. acquired a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $25,000. Orion Capital Management LLC purchased a new stake in Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Tompkins Financial Corp acquired a new stake in shares of Archer-Daniels-Midland in the 3rd quarter worth $28,000. Legacy Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $30,000. Finally, Operose Advisors LLC acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 0.1 %

Shares of NYSE:ADM opened at $62.65 on Thursday. 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 market capitalization of $31.94 billion, a PE ratio of 9.79 and a beta of 0.77. The firm’s 50-day moving average is $56.29 and its two-hundred day moving average is $66.84. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). The business had revenue of $22.98 billion for 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%. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter last year, the company earned $1.93 earnings per share. Analysts predict that Archer-Daniels-Midland Company will post 5.58 EPS for the current year.

Archer-Daniels-Midland announced that its board has authorized a share buyback program on Tuesday, March 12th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board 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. Shareholders of record on Thursday, February 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.19%. Archer-Daniels-Midland’s dividend payout ratio is 31.25%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ADM shares. Bank of America lowered their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Stifel Nicolaus cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and lowered their price target for the company from $116.00 to $56.00 in a research report on Monday, January 22nd. UBS Group reissued a “neutral” rating and set a $51.00 price target (down previously from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. The Goldman Sachs Group cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lowered their price target for the company from $90.00 to $67.00 in a research report on Monday, January 22nd. Finally, Jefferies Financial Group decreased 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.50.

Read Our Latest Report on Archer-Daniels-Midland

Archer-Daniels-Midland Company 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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