Choreo LLC Sells 3,460 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Choreo LLC trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 23.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,324 shares of the company’s stock after selling 3,460 shares during the period. Choreo LLC’s holdings in Archer-Daniels-Midland were worth $569,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ADM. State Street Corp increased its position in shares of Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after buying an additional 1,018,256 shares during the period. Wellington Management Group LLP lifted its position in Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares during the period. Pacer Advisors Inc. boosted its stake in Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock worth $524,531,000 after acquiring an additional 2,296,193 shares in the last quarter. FMR LLC grew its holdings in Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after purchasing an additional 1,007,494 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Archer-Daniels-Midland by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock valued at $215,533,000 after purchasing an additional 63,883 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ADM shares. Barclays cut their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Citigroup lifted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Bank of America decreased their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday. BMO Capital Markets cut 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 report on Wednesday, February 5th. Finally, Morgan Stanley decreased their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.11.

Archer-Daniels-Midland Stock Up 0.8 %

Shares of Archer-Daniels-Midland stock opened at $46.47 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a twelve month low of $45.01 and a twelve month high of $66.08. The company has a market cap of $22.24 billion, a price-to-earnings ratio of 12.87 and a beta of 0.72. The company’s 50 day moving average is $50.56 and its 200 day moving average is $55.21.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. During the same period last year, the firm posted $1.36 earnings per share. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. Research analysts anticipate that Archer-Daniels-Midland Company will post 4.53 EPS for the current year.

Archer-Daniels-Midland announced that its board has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.51 dividend. The ex-dividend date is Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.39%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

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.