Zions Bancorporation N.A. Lowers Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Zions Bancorporation N.A. cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 31.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,758 shares of the company’s stock after selling 798 shares during the period. Zions Bancorporation N.A.’s holdings in Archer-Daniels-Midland were worth $89,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ADM. Fairway Wealth LLC purchased a new stake in shares of Archer-Daniels-Midland during the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. raised its position in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after buying an additional 357 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland in the 4th quarter worth $28,000. ST Germain D J Co. Inc. increased its stake in shares of Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after acquiring an additional 500 shares during the period. Finally, CoreFirst Bank & Trust purchased a new position in Archer-Daniels-Midland during the fourth quarter worth about $30,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADM has been the topic of several recent analyst reports. Citigroup boosted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Bank of America cut their price objective on 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. BMO Capital Markets decreased their target price 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. Stephens cut their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Morgan Stanley decreased their price objective 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 analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.63.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $47.01 on Thursday. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The company has a market capitalization of $22.55 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $48.01 and a two-hundred day moving average price of $52.34.

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

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 56.51%.

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

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.