Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by United Services Automobile Association

United Services Automobile Association lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,589 shares of the company’s stock after selling 906 shares during the quarter. United Services Automobile Association’s holdings in Archer-Daniels-Midland were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth $25,000. Raleigh Capital Management Inc. increased its position in shares of Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after purchasing an additional 357 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. boosted its position in shares of Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after purchasing an additional 500 shares during the period. Finally, Crews Bank & Trust purchased a new position in Archer-Daniels-Midland during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 0.3 %

Shares of NYSE ADM opened at $45.96 on Tuesday. The stock has a market capitalization of $22.05 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week high of $66.08. The firm has a 50-day moving average price of $48.20 and a 200 day moving average price of $52.48. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS 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 business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the previous year, the company earned $1.36 EPS. The company’s quarterly revenue was down 6.4% on a year-over-year basis. Equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is 56.51%.

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

Analyst Upgrades and Downgrades

ADM has been the subject of several research analyst reports. Stephens decreased their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Bank of America reduced 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 report on Tuesday, February 11th. Barclays lowered their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Finally, Morgan Stanley decreased 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. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $53.63.

Archer-Daniels-Midland Company 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.