Van Cleef Asset Management Inc Sells 1,752 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Van Cleef Asset Management Inc trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 135,821 shares of the company’s stock after selling 1,752 shares during the quarter. Archer-Daniels-Midland accounts for approximately 0.8% of Van Cleef Asset Management Inc’s investment portfolio, making the stock its 24th biggest holding. Van Cleef Asset Management Inc’s holdings in Archer-Daniels-Midland were worth $6,862,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after purchasing an additional 5,702,451 shares during the period. Pacer Advisors Inc. increased its position in shares of Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after buying an additional 2,296,193 shares during the period. State Street Corp lifted its holdings in shares of Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after buying an additional 1,018,256 shares in the last quarter. FMR LLC grew its stake in Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after acquiring an additional 1,007,494 shares in the last quarter. Finally, Barclays PLC increased its holdings in Archer-Daniels-Midland by 52.0% during the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock worth $89,738,000 after acquiring an additional 514,005 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.7 %

Shares of ADM opened at $46.66 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. Archer-Daniels-Midland Company has a fifty-two week low of $44.92 and a fifty-two week high of $66.08. The firm has a 50 day moving average price of $49.23 and a 200-day moving average price of $54.06. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.54 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. As a group, equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.51 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.37%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Analyst Ratings Changes

ADM has been the subject of several analyst reports. Barclays cut their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday. Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Bank of America dropped their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, February 11th. Finally, Morgan Stanley decreased their price target on shares of 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. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the stock 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.