Stratos Wealth Partners LTD. Sells 2,119 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Stratos Wealth Partners LTD. lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 16.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,922 shares of the company’s stock after selling 2,119 shares during the period. Stratos Wealth Partners LTD.’s holdings in Archer-Daniels-Midland were worth $552,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADM. Kieckhefer Group LLC bought a new position in Archer-Daniels-Midland in the 4th quarter worth approximately $2,339,000. Empower Advisory Group LLC lifted its holdings in shares of Archer-Daniels-Midland by 6.4% in the third quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock worth $68,011,000 after buying an additional 68,133 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Archer-Daniels-Midland by 30.7% during the fourth quarter. Nordea Investment Management AB now owns 2,082,442 shares of the company’s stock worth $105,163,000 after acquiring an additional 489,217 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock valued at $483,084,000 after acquiring an additional 489,554 shares during the last quarter. Finally, Marathon Asset Management Ltd lifted its stake in Archer-Daniels-Midland by 4.5% in the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after purchasing an additional 13,177 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 0.8 %

Shares of NYSE ADM opened at $46.47 on Wednesday. Archer-Daniels-Midland Company has a fifty-two week low of $45.01 and a fifty-two week high of $66.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. 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 business’s 50 day moving average price is $50.56 and its 200-day moving average price is $55.21.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 earnings per share. On average, sell-side analysts expect that Archer-Daniels-Midland Company will post 4.53 earnings per share for the current year.

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

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.51 dividend. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.39%. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Analyst Ratings Changes

Several equities analysts have 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 for the company in a report on Tuesday, January 21st. Morgan Stanley reduced their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Bank of America lowered their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday. Stephens reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Citigroup increased their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $55.11.

Archer-Daniels-Midland 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.