UMB Bank n.a. Sells 1,742 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

UMB Bank n.a. cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,332 shares of the company’s stock after selling 1,742 shares during the period. UMB Bank n.a.’s holdings in Archer-Daniels-Midland were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Welch Group LLC raised its holdings in shares of Archer-Daniels-Midland by 27.8% in the fourth quarter. Welch Group LLC now owns 4,632 shares of the company’s stock worth $335,000 after buying an additional 1,008 shares during the period. SNS Financial Group LLC raised its holdings in shares of Archer-Daniels-Midland by 17.3% in the fourth quarter. SNS Financial Group LLC now owns 13,956 shares of the company’s stock worth $1,008,000 after buying an additional 2,059 shares during the period. Allen Mooney & Barnes Investment Advisors LLC raised its holdings in shares of Archer-Daniels-Midland by 1.6% in the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 27,528 shares of the company’s stock worth $1,988,000 after buying an additional 430 shares during the period. Chicago Capital LLC raised its holdings in shares of Archer-Daniels-Midland by 31.0% in the fourth quarter. Chicago Capital LLC now owns 10,295 shares of the company’s stock worth $744,000 after buying an additional 2,438 shares during the period. Finally, Argus Investors Counsel Inc. increased its holdings in Archer-Daniels-Midland by 33.5% during the 4th quarter. Argus Investors Counsel Inc. now owns 20,315 shares of the company’s stock worth $1,467,000 after purchasing an additional 5,100 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADM has been the topic of several research reports. Citigroup raised their price objective on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday. The Goldman Sachs Group downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $67.00 in a report on Monday, January 22nd. Roth Capital downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Jefferies Financial Group dropped their target price on 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 analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and an average price target of $67.50.

Read Our Latest Stock Report on ADM

Archer-Daniels-Midland Stock Down 0.1 %

Archer-Daniels-Midland stock 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 stock has a market capitalization of $31.94 billion, a price-to-earnings ratio of 9.79 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. The business has a fifty day moving average price of $56.29 and a 200-day moving average price of $66.84.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last issued its 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 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%. The business’s revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the business earned $1.93 EPS. Equities research analysts forecast that Archer-Daniels-Midland Company will post 5.58 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors 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 dividend on an annualized basis and a yield of 3.19%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 31.25%.

Archer-Daniels-Midland declared that its board has authorized a share buyback plan 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 plans are generally a sign that the company’s board believes its stock is undervalued.

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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