OLD Republic International Corp Sells 6,000 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

OLD Republic International Corp lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 501,000 shares of the company’s stock after selling 6,000 shares during the period. OLD Republic International Corp owned 0.09% of Archer-Daniels-Midland worth $36,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ADM. Northern Trust Corp boosted its position in shares of Archer-Daniels-Midland by 1.9% during the 3rd quarter. Northern Trust Corp now owns 13,303,791 shares of the company’s stock valued at $1,003,372,000 after acquiring an additional 252,486 shares during the last quarter. Morgan Stanley increased its position in shares of Archer-Daniels-Midland by 41.8% during the 3rd quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock valued at $651,737,000 after purchasing an additional 2,547,232 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Archer-Daniels-Midland by 5.6% during the 3rd 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. Charles Schwab Investment Management Inc. lifted its position in Archer-Daniels-Midland by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,312,227 shares of the company’s stock worth $239,209,000 after buying an additional 109,757 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Archer-Daniels-Midland by 31.4% during the third quarter. AQR Capital Management LLC now owns 2,864,305 shares of the company’s stock worth $216,026,000 after buying an additional 683,984 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

NYSE ADM traded down $0.12 during mid-day trading on Friday, hitting $62.32. The stock had a trading volume of 646,581 shares, compared to its average volume of 5,701,174. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.88. The firm’s 50 day moving average is $60.13 and its 200 day moving average is $64.41. The stock has a market capitalization of $30.81 billion, a price-to-earnings ratio of 10.95 and a beta of 0.78.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. The firm had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. Archer-Daniels-Midland’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.09 earnings per share. Equities research analysts forecast that Archer-Daniels-Midland Company will post 5.58 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.00 annualized dividend and a yield of 3.21%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 6.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

ADM has been the topic of several recent analyst reports. TheStreet downgraded shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. UBS Group reissued a “neutral” rating and set a $51.00 target price (down from $104.00) on shares of Archer-Daniels-Midland in a research note on Friday, January 26th. Citigroup increased their price objective on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $90.00 to $67.00 in a research note on Monday, January 22nd. Finally, Roth Mkm lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $98.00 to $66.00 in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $67.50.

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.