Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by abrdn plc

abrdn plc cut its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,615 shares of the company's stock after selling 35,131 shares during the period. abrdn plc owned approximately 0.06% of Archer-Daniels-Midland worth $15,473,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Empower Advisory Group LLC increased its position in shares of Archer-Daniels-Midland by 6.4% during the third quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company's stock valued at $68,011,000 after acquiring an additional 68,133 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at about $2,339,000. Nordea Investment Management AB grew its holdings in shares of Archer-Daniels-Midland by 30.7% in the fourth quarter. Nordea Investment Management AB now owns 2,082,442 shares of the company's stock valued at $105,163,000 after purchasing an additional 489,217 shares in the last quarter. Pacer Advisors Inc. increased its stake in Archer-Daniels-Midland by 6.4% during the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company's stock worth $483,084,000 after buying an additional 489,554 shares during the period. Finally, Marathon Asset Management Ltd increased its stake in Archer-Daniels-Midland by 4.5% during the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company's stock worth $18,110,000 after buying an additional 13,177 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock traded down $0.03 during trading hours on Monday, reaching $45.73. 1,742,926 shares of the stock were exchanged, compared to its average volume of 3,534,557. The stock has a market cap of $21.88 billion, a P/E ratio of 12.67 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. Archer-Daniels-Midland Company has a 52-week low of $45.01 and a 52-week high of $66.08. The firm's 50 day moving average is $50.72 and its 200 day moving average is $55.33.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. Archer-Daniels-Midland's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 EPS. Analysts predict that Archer-Daniels-Midland Company will post 4.53 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its board has authorized a stock buyback plan on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. 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 4.46%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is 55.40%.

Analysts Set New Price Targets

ADM has been the topic of several recent research reports. BMO Capital Markets cut their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley lowered their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a report on Tuesday, November 12th. Bank of America cut shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Stephens decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Barclays decreased their price target on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $56.33.

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.