Robeco Institutional Asset Management B.V. Sells 330,502 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Robeco Institutional Asset Management B.V. cut its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 37.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 558,912 shares of the company’s stock after selling 330,502 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Archer-Daniels-Midland were worth $404,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in Archer-Daniels-Midland during the third quarter worth about $28,000. Tompkins Financial Corp acquired a new stake in Archer-Daniels-Midland during the third quarter worth about $28,000. Operose Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $30,000. EdgeRock Capital LLC acquired a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $35,000. Finally, Emfo LLC acquired a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $51,000. 78.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ADM shares. Citigroup raised their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. UBS Group restated a “neutral” rating and issued a $51.00 price target (down from $104.00) on shares of Archer-Daniels-Midland in a research note on Friday, January 26th. TheStreet downgraded shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. BMO Capital Markets dropped 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 report on Wednesday, March 13th. Finally, Bank of America dropped their price objective on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.50.

Insider Transactions at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the sale, the insider now directly owns 8,555 shares of the company’s stock, valued at $519,545.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock opened at $60.49 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35. The company has a market cap of $29.91 billion, a PE ratio of 10.61 and a beta of 0.78. The business has a 50 day moving average of $61.60 and a 200 day moving average of $63.63. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.87% and a net margin of 3.32%. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 earnings per share. As a group, equities research analysts forecast that Archer-Daniels-Midland Company will post 5.61 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.31%. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are 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.