Ballentine Partners LLC Sells 1,102 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Ballentine Partners LLC decreased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 18.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,850 shares of the company’s stock after selling 1,102 shares during the period. Ballentine Partners LLC’s holdings in Archer-Daniels-Midland were worth $305,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise grew its holdings in shares of Archer-Daniels-Midland by 83.7% during the first quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock valued at $1,879,000 after buying an additional 13,626 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Archer-Daniels-Midland by 12.8% in the 4th quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock worth $88,534,000 after purchasing an additional 139,064 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Archer-Daniels-Midland by 14.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock worth $271,000 after purchasing an additional 462 shares during the last quarter. Madison Asset Management LLC boosted its position in shares of Archer-Daniels-Midland by 18.6% during the fourth quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock valued at $27,728,000 after buying an additional 60,313 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Archer-Daniels-Midland in the 4th quarter worth about $1,942,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $60.64 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The business has a 50-day moving average price of $61.01 and a 200-day moving average price of $61.52. The firm has a market cap of $29.98 billion, a price-to-earnings ratio of 10.64 and a beta of 0.75.

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. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The business had revenue of $21.85 billion during the quarter, compared to the consensus estimate of $22.26 billion. During the same period in the prior year, the company posted $2.09 EPS. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, equities research analysts predict that Archer-Daniels-Midland Company will post 5.61 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.30%. The ex-dividend date was Wednesday, May 15th. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

Archer-Daniels-Midland declared that its Board of Directors has approved a share repurchase program on Tuesday, March 12th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America dropped their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Citigroup boosted their target price on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. BMO Capital Markets dropped their price target on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. Finally, Jefferies Financial Group reduced their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average target price of $67.50.

Insider Buying and Selling at Archer-Daniels-Midland

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

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.