Tobam Sells 11,054 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Tobam lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 47.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,195 shares of the company's stock after selling 11,054 shares during the quarter. Tobam's holdings in Archer-Daniels-Midland were worth $616,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Park Avenue Securities LLC raised its position in shares of Archer-Daniels-Midland by 3.9% during the 3rd quarter. Park Avenue Securities LLC now owns 8,272 shares of the company's stock worth $494,000 after buying an additional 311 shares in the last quarter. Czech National Bank raised its holdings in Archer-Daniels-Midland by 3.4% during the third quarter. Czech National Bank now owns 97,402 shares of the company's stock worth $5,819,000 after purchasing an additional 3,182 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in Archer-Daniels-Midland by 3.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 6,591 shares of the company's stock valued at $394,000 after purchasing an additional 210 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Archer-Daniels-Midland in the third quarter valued at $112,000. Finally, CWM LLC boosted its position in shares of Archer-Daniels-Midland by 12.7% during the 3rd quarter. CWM LLC now owns 28,341 shares of the company's stock valued at $1,693,000 after purchasing an additional 3,190 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup boosted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Barclays dropped their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. Bank of America lowered their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research report on Tuesday. Morgan Stanley decreased their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday. Finally, 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 for the company in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat.com, Archer-Daniels-Midland has an average rating of "Hold" and an average target price of $55.11.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock traded up $0.23 during mid-day trading on Tuesday, reaching $46.32. The stock had a trading volume of 1,524,645 shares, compared to its average volume of 3,559,282. The firm has a market cap of $22.17 billion, a PE ratio of 12.83 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a one year low of $45.01 and a one year high of $66.08. The firm's 50 day simple moving average is $50.56 and its 200 day simple moving average is $55.21.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its 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. The business had revenue of $21.50 billion for 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 firm's revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 EPS. On average, analysts forecast that Archer-Daniels-Midland Company will post 4.53 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.40%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio is 55.40%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

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.