State of Alaska Department of Revenue Sells 9,570 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

State of Alaska Department of Revenue reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 14.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,513 shares of the company's stock after selling 9,570 shares during the quarter. State of Alaska Department of Revenue's holdings in Archer-Daniels-Midland were worth $2,753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. increased its position in shares of Archer-Daniels-Midland by 10.6% during the 4th quarter. Mather Group LLC. now owns 244,539 shares of the company's stock valued at $12,354,000 after purchasing an additional 23,378 shares during the last quarter. Burford Brothers Inc. increased its holdings in Archer-Daniels-Midland by 12.5% in the 4th quarter. Burford Brothers Inc. now owns 12,645 shares of the company's stock worth $639,000 after acquiring an additional 1,406 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in Archer-Daniels-Midland by 1.1% in the 4th quarter. DAVENPORT & Co LLC now owns 21,283 shares of the company's stock worth $1,075,000 after acquiring an additional 226 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter worth about $211,000. Finally, Mediolanum International Funds Ltd increased its holdings in Archer-Daniels-Midland by 46.6% in the 4th quarter. Mediolanum International Funds Ltd now owns 269,441 shares of the company's stock worth $13,458,000 after acquiring an additional 85,592 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADM has been the subject of several recent research reports. Barclays decreased their price objective 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. Stephens cut their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Bank of America dropped their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a research report on Tuesday. BMO Capital Markets dropped their price target 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. Finally, Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of "Hold" and an average target price of $55.11.

Archer-Daniels-Midland Stock Up 1.2 %

Shares of NYSE ADM traded up $0.56 during mid-day trading on Thursday, hitting $45.78. 5,554,988 shares of the stock traded hands, compared to its average volume of 3,675,868. 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 $44.92 and a 52 week high of $66.08. The company has a market cap of $21.91 billion, a price-to-earnings ratio of 12.68 and a beta of 0.72. The stock has a fifty day moving average price of $50.29 and a 200-day moving average price of $55.01.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating 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 company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The firm's revenue 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 declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business 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 $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.46%. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is 55.40%.

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.