American International Group Inc. Sells 3,742 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

American International Group Inc. reduced its position in Archer-Daniels-Midland Company (NYSE:ADM) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175,213 shares of the company’s stock after selling 3,742 shares during the quarter. American International Group Inc.’s holdings in Archer-Daniels-Midland were worth $12,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ADM. Orion Capital Management LLC bought a new stake in Archer-Daniels-Midland in the 3rd quarter valued at about $28,000. Tompkins Financial Corp bought a new stake in shares of Archer-Daniels-Midland in the third quarter valued at approximately $28,000. Operose Advisors LLC purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at approximately $30,000. EdgeRock Capital LLC bought a new position in Archer-Daniels-Midland in the 4th quarter worth approximately $35,000. Finally, Sachetta LLC purchased a new position in Archer-Daniels-Midland in the 4th quarter valued at approximately $38,000. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Trading Down 2.0 %

ADM stock opened at $59.50 on Monday. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30. The company has a market capitalization of $29.42 billion, a PE ratio of 10.44 and a beta of 0.75. The company’s 50 day moving average price is $61.22 and its two-hundred day moving average price is $62.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47.

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 the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion during the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.09 earnings per share. As a group, analysts predict that Archer-Daniels-Midland Company will post 5.61 earnings per share for the current fiscal year.

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

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were given a $0.50 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $2.00 annualized dividend and a yield of 3.36%. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

Insider Transactions at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the sale, the insider now directly owns 8,555 shares in the company, valued at approximately $519,545.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup lifted their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Bank of America cut their price objective on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. BMO Capital Markets decreased their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a report on Wednesday, March 13th. Finally, Jefferies Financial Group cut their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.