Massachusetts Financial Services Co. MA Lowers Position in Archer-Daniels-Midland Company (NYSE:ADM)

Massachusetts Financial Services Co. MA decreased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 390,988 shares of the company’s stock after selling 3,099 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Archer-Daniels-Midland were worth $19,753,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. West Financial Advisors LLC boosted its holdings in Archer-Daniels-Midland by 10.1% during the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock worth $111,000 after acquiring an additional 201 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Archer-Daniels-Midland by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock worth $109,000 after purchasing an additional 210 shares during the last quarter. Invesco LLC grew its position in Archer-Daniels-Midland by 1.3% in the 4th quarter. Invesco LLC now owns 16,242 shares of the company’s stock worth $821,000 after purchasing an additional 211 shares in the last quarter. Advisor OS LLC increased its stake in Archer-Daniels-Midland by 4.9% in the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock valued at $231,000 after buying an additional 212 shares during the last quarter. Finally, Advisory Alpha LLC lifted its position in shares of Archer-Daniels-Midland by 2.8% during the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock worth $402,000 after buying an additional 216 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 8.9 %

Shares of Archer-Daniels-Midland stock opened at $43.32 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The stock has a market capitalization of $20.78 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 52-week low of $42.02 and a 52-week high of $66.08. The stock’s 50-day simple moving average is $47.51 and its 200 day simple moving average is $51.67.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. During the same period in the prior year, the company posted $1.36 EPS. Archer-Daniels-Midland’s revenue was down 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.71%. Archer-Daniels-Midland’s payout ratio is 56.51%.

Archer-Daniels-Midland declared that its Board of Directors 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 buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently issued reports on ADM. Stephens reduced their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley cut 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 report on Tuesday, February 11th. Bank of America decreased 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 report on Tuesday, February 11th. Finally, Barclays dropped their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus target price of $53.63.

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.