TIAA Trust National Association Lowers Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

TIAA Trust National Association trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM) by 2.3% in the 4th quarter, HoldingsChannel reports. The fund owned 11,240 shares of the company’s stock after selling 265 shares during the quarter. TIAA Trust National Association’s holdings in Archer-Daniels-Midland were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Archer-Daniels-Midland by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company’s stock worth $3,150,390,000 after purchasing an additional 706,567 shares during the period. State Street Corp boosted its holdings in Archer-Daniels-Midland by 3.3% in the 3rd 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 during the period. Wellington Management Group LLP increased its stake in Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after buying an additional 5,702,451 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Archer-Daniels-Midland by 28.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after acquiring an additional 2,296,193 shares in the last quarter. Finally, FMR LLC lifted its holdings in Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after purchasing an additional 1,007,494 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

NYSE:ADM opened at $48.32 on Friday. The firm has a market capitalization of $23.18 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The business has a 50 day simple moving average of $47.96 and a 200-day simple moving average of $52.32. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $22.77 billion. During the same period last year, the company earned $1.36 earnings per share. Archer-Daniels-Midland’s revenue was down 6.4% on a year-over-year basis. Equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.51 dividend. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is 56.51%.

Analyst Ratings Changes

Several research firms recently weighed in on ADM. BMO Capital Markets cut their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley cut their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Barclays decreased their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Citigroup raised their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, Bank of America decreased their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average price target of $53.63.

About Archer-Daniels-Midland

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.