Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,613 shares of the company’s stock after selling 2,061 shares during the period. Atria Wealth Solutions Inc.’s holdings in Archer-Daniels-Midland were worth $536,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. AustralianSuper Pty Ltd boosted its stake in Archer-Daniels-Midland by 26.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock valued at $87,409,000 after acquiring an additional 360,844 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at about $2,339,000. Empower Advisory Group LLC boosted its position in shares of 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 purchasing an additional 68,133 shares during the period. Nordea Investment Management AB grew its stake in Archer-Daniels-Midland by 30.7% during the 4th quarter. Nordea Investment Management AB now owns 2,082,442 shares of the company’s stock worth $105,163,000 after buying an additional 489,217 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in Archer-Daniels-Midland during the fourth quarter worth approximately $1,005,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Trading Down 3.6 %

NYSE ADM opened at $47.01 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $22.55 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.54 and a beta of 0.72. 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 $49.29 and a 200 day moving average price of $54.11.

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, 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 business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same period 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. Equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.51 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ADM shares. Citigroup increased their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 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. Morgan Stanley reduced their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” 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. Finally, Bank of America reduced their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $54.89.

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.