National Bank of Canada FI Trims Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

National Bank of Canada FI lowered its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 565,616 shares of the company's stock after selling 71,608 shares during the quarter. National Bank of Canada FI owned about 0.11% of Archer-Daniels-Midland worth $41,154,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Northern Trust Corp boosted its position in shares of Archer-Daniels-Midland by 1.9% during the 3rd quarter. Northern Trust Corp now owns 13,303,791 shares of the company's stock valued at $1,003,372,000 after acquiring an additional 252,486 shares during the last quarter. Morgan Stanley lifted its position in Archer-Daniels-Midland by 41.8% during the third quarter. Morgan Stanley now owns 8,641,438 shares of the company's stock valued at $651,737,000 after purchasing an additional 2,547,232 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Archer-Daniels-Midland by 5.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,696,394 shares of the company's stock worth $278,779,000 after buying an additional 195,255 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Archer-Daniels-Midland by 31.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,864,305 shares of the company's stock valued at $216,026,000 after buying an additional 683,984 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Archer-Daniels-Midland by 6.8% in the 4th quarter. LSV Asset Management now owns 2,557,441 shares of the company's stock valued at $184,698,000 after acquiring an additional 162,145 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ADM. The Goldman Sachs Group lowered shares of Archer-Daniels-Midland from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $90.00 to $67.00 in a report on Monday, January 22nd. Barclays lowered Archer-Daniels-Midland from an "overweight" rating to an "underweight" rating and set a $60.00 target price for the company. in a research report on Monday, January 22nd. StockNews.com downgraded Archer-Daniels-Midland from a "buy" rating to a "hold" rating in a research report on Monday, January 22nd. BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a "market perform" rating for the company in a research note on Wednesday, March 13th. Finally, UBS Group restated a "neutral" rating and issued a $51.00 price target (down previously from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat, Archer-Daniels-Midland presently has an average rating of "Hold" and an average target price of $67.50.

Archer-Daniels-Midland Stock Performance

ADM stock traded up $1.01 during trading on Monday, reaching $60.18. The company had a trading volume of 4,187,546 shares, compared to its average volume of 5,809,852. The company has a market cap of $29.76 billion, a price-to-earnings ratio of 10.56 and a beta of 0.78. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. The firm has a 50-day simple moving average of $59.77 and a 200-day simple moving average of $64.51.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion during the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The business's revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.09 earnings per share. As a group, sell-side analysts expect that Archer-Daniels-Midland Company will post 5.58 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Wednesday, May 15th. Archer-Daniels-Midland's dividend payout ratio (DPR) is 35.09%.

Archer-Daniels-Midland declared that its board has initiated a share repurchase program on Tuesday, March 12th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to purchase up to 6.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management 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.