Rodgers Brothers Inc. Sells 44,400 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Rodgers Brothers Inc. reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 54.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,611 shares of the company's stock after selling 44,400 shares during the period. Rodgers Brothers Inc.'s holdings in Archer-Daniels-Midland were worth $1,900,000 as of its most recent filing with the Securities and Exchange Commission.

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

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Archer-Daniels-Midland Trading Down 0.5 %

Shares of NYSE ADM traded down $0.24 during mid-day trading on Wednesday, hitting $47.97. The company's stock had a trading volume of 2,652,286 shares, compared to its average volume of 3,599,603. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The stock has a market cap of $23.01 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The company's fifty day simple moving average is $47.77 and its 200-day simple moving average is $51.97. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping 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 quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. On average, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.51 per share. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.25%. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

Archer-Daniels-Midland announced that its board has authorized a stock buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on ADM. Bank of America decreased their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research report on Tuesday, February 11th. Stephens lowered their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. 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, February 11th. Barclays lowered their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. Finally, BMO Capital Markets reduced 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 report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of "Hold" and an average price target 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.