Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Greenleaf Trust

Greenleaf Trust cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 22.6% during the fourth quarter, HoldingsChannel reports. The fund owned 12,075 shares of the company’s stock after selling 3,532 shares during the period. Greenleaf Trust’s holdings in Archer-Daniels-Midland were worth $610,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Empower Advisory Group LLC raised its holdings in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock valued at $68,011,000 after buying an additional 68,133 shares during the period. Kieckhefer Group LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $2,339,000. Nordea Investment Management AB raised its holdings in Archer-Daniels-Midland by 30.7% in the 4th quarter. Nordea Investment Management AB now owns 2,082,442 shares of the company’s stock valued at $105,163,000 after buying an additional 489,217 shares during the period. Pacer Advisors Inc. increased its holdings in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock valued at $483,084,000 after purchasing an additional 489,554 shares during the last quarter. Finally, Marathon Asset Management Ltd increased its holdings in Archer-Daniels-Midland by 4.5% in the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock valued at $18,110,000 after purchasing an additional 13,177 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Down 5.0 %

Shares of NYSE ADM opened at $47.54 on Wednesday. The company has a market capitalization of $22.75 billion, a price-to-earnings ratio of 13.58 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The business has a 50-day moving average of $51.36 and a two-hundred day moving average of $55.81. Archer-Daniels-Midland Company has a 1 year low of $47.46 and a 1 year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last issued its 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. Archer-Daniels-Midland had a net margin of 2.07% and a return on equity of 10.96%. The business had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter in the prior year, the business posted $1.36 EPS. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts forecast that Archer-Daniels-Midland Company will post 4.72 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its board has authorized a stock buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a $0.51 dividend. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.29%. Archer-Daniels-Midland’s payout ratio is presently 57.14%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ADM. Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday. Bank of America cut Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Barclays lowered their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Citigroup increased their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.56.

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.