Rhumbline Advisers Reduces Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Rhumbline Advisers cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 925,821 shares of the company's stock after selling 14,250 shares during the period. Rhumbline Advisers owned 0.19% of Archer-Daniels-Midland worth $46,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PUREfi Wealth LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter valued at $251,000. Valeo Financial Advisors LLC boosted its position in shares of Archer-Daniels-Midland by 38.5% during the 4th quarter. Valeo Financial Advisors LLC now owns 6,154 shares of the company's stock valued at $311,000 after acquiring an additional 1,711 shares during the last quarter. AustralianSuper Pty Ltd grew its holdings in shares of Archer-Daniels-Midland by 26.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock worth $87,409,000 after purchasing an additional 360,844 shares in the last quarter. Asset Planning Inc purchased a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $31,000. Finally, Vontobel Holding Ltd. lifted its position in Archer-Daniels-Midland by 21.8% during the fourth quarter. Vontobel Holding Ltd. now owns 18,271 shares of the company's stock valued at $923,000 after purchasing an additional 3,276 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Analyst Ratings Changes

ADM has been the subject of a number of research analyst reports. Bank of America dropped 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. Morgan Stanley reduced their price objective on 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. Stephens cut their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Barclays decreased their price target on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. Finally, Citigroup lifted their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of "Hold" and a consensus target price of $55.11.

Archer-Daniels-Midland Stock Up 0.7 %

ADM traded up $0.31 during midday trading on Thursday, reaching $46.35. The company's stock had a trading volume of 1,111,924 shares, compared to its average volume of 3,552,019. The stock's 50-day moving average is $49.68 and its 200-day moving average is $54.47. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08. The firm has a market capitalization of $22.18 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.46 and a beta of 0.72. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37.

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 the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 earnings per share. As a group, research analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.40%. Archer-Daniels-Midland's dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

About Archer-Daniels-Midland

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.