Archer-Daniels-Midland Company (NYSE:ADM) Stock Position Decreased by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,431 shares of the company’s stock after selling 1,250 shares during the period. First Horizon Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $679,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Lake Street Advisors Group LLC raised its stake in shares of Archer-Daniels-Midland by 4.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock valued at $240,000 after acquiring an additional 183 shares in the last quarter. NorthCrest Asset Manangement LLC raised its stake in shares of Archer-Daniels-Midland by 4.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company’s stock valued at $306,000 after acquiring an additional 201 shares in the last quarter. West Financial Advisors LLC raised its stake in shares of Archer-Daniels-Midland by 10.1% in the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock valued at $111,000 after acquiring an additional 201 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Archer-Daniels-Midland by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock valued at $109,000 after acquiring an additional 210 shares in the last quarter. Finally, Invesco LLC raised its stake in shares of Archer-Daniels-Midland by 1.3% in the 4th quarter. Invesco LLC now owns 16,242 shares of the company’s stock valued at $821,000 after acquiring an additional 211 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $48.41 on Tuesday. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08. The firm has a market capitalization of $23.22 billion, a PE ratio of 13.41, a PEG ratio of 1.48 and a beta of 0.72. The business’s 50 day moving average is $49.40 and its 200-day moving average is $54.23. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter last year, the firm earned $1.36 EPS. Archer-Daniels-Midland’s revenue for the quarter was down 6.4% compared to the same quarter last year. Sell-side analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.51 dividend. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.21%. Archer-Daniels-Midland’s payout ratio is currently 56.51%.

Archer-Daniels-Midland announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays cut their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday. Citigroup raised their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Morgan Stanley lowered their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Stephens lowered their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, BMO Capital Markets lowered their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $54.89.

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.