Avantax Advisory Services Inc. Sells 1,021 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Avantax Advisory Services Inc. trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,209 shares of the company’s stock after selling 1,021 shares during the period. Avantax Advisory Services Inc.’s holdings in Archer-Daniels-Midland were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADM. AustralianSuper Pty Ltd raised its position in shares of Archer-Daniels-Midland by 26.4% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock valued at $87,409,000 after buying an additional 360,844 shares in the last quarter. Amundi lifted its holdings in shares of Archer-Daniels-Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock worth $123,340,000 after acquiring an additional 894,562 shares during the last quarter. Hickory Point Bank & Trust bought a new position in Archer-Daniels-Midland during the 4th quarter valued at about $1,217,000. Aigen Investment Management LP raised its position in Archer-Daniels-Midland by 127.7% in the 4th quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock worth $2,372,000 after purchasing an additional 26,329 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter worth approximately $8,677,000. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Down 0.3 %

Archer-Daniels-Midland stock opened at $45.96 on Tuesday. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The business has a fifty day moving average of $48.20 and a two-hundred day moving average of $52.48. The firm has a market cap of $22.05 billion, a P/E ratio of 12.73, a P/E/G ratio of 1.54 and a beta of 0.67. 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 issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion for 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 firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 earnings per share. On average, analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently announced 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 is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.44%. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Analyst Ratings Changes

ADM has been the topic of a number of recent analyst reports. Citigroup increased their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. BMO Capital Markets reduced their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Bank of America lowered their price objective on shares of 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. Barclays decreased their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Finally, Stephens reduced their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.