Dakota Wealth Management Sells 585 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Dakota Wealth Management reduced its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,973 shares of the company’s stock after selling 585 shares during the quarter. Dakota Wealth Management’s holdings in Archer-Daniels-Midland were worth $5,415,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Northern Trust Corp raised its stake in shares of Archer-Daniels-Midland by 1.9% in the third quarter. Northern Trust Corp now owns 13,303,791 shares of the company’s stock valued at $1,003,372,000 after buying an additional 252,486 shares during the period. Morgan Stanley raised its stake in shares of Archer-Daniels-Midland by 41.8% in the third quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock valued at $651,737,000 after buying an additional 2,547,232 shares during the period. Norges Bank bought a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at $525,111,000. Macquarie Group Ltd. raised its stake in shares of Archer-Daniels-Midland by 9.1% in the first quarter. Macquarie Group Ltd. now owns 5,626,231 shares of the company’s stock valued at $448,185,000 after buying an additional 467,243 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Archer-Daniels-Midland by 5.6% in the third quarter. Ameriprise Financial Inc. now owns 3,696,394 shares of the company’s stock valued at $278,779,000 after buying an additional 195,255 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ADM shares. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Robert W. Baird lowered Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $96.00 to $61.00 in a research note on Monday, January 22nd. Citigroup boosted their price objective on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. StockNews.com lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Roth Capital lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $67.50.

Archer-Daniels-Midland Price Performance

ADM opened at $60.52 on Tuesday. The stock has a market capitalization of $30.37 billion, a P/E ratio of 9.46 and a beta of 0.77. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $87.30. The stock has a 50-day moving average price of $57.62 and a 200-day moving average price of $65.92. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.07). The company had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $23.79 billion. Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The company’s revenue was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.93 earnings per share. Equities analysts predict that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 3.30%. Archer-Daniels-Midland’s dividend payout ratio is currently 31.25%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.