Clearbridge Investments LLC Sells 3,150 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Clearbridge Investments LLC cut its position in Archer-Daniels-Midland Company (NYSE:ADM) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,540 shares of the company’s stock after selling 3,150 shares during the quarter. Clearbridge Investments LLC’s holdings in Archer-Daniels-Midland were worth $4,878,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC bought a new position in shares of Archer-Daniels-Midland in the third quarter valued at $28,000. Tompkins Financial Corp bought a new position in shares of Archer-Daniels-Midland in the third quarter valued at $28,000. Operose Advisors LLC bought a new position in shares of Archer-Daniels-Midland in the third quarter valued at $30,000. EdgeRock Capital LLC acquired a new stake in Archer-Daniels-Midland during the 4th quarter valued at $35,000. Finally, Emfo LLC acquired a new stake in Archer-Daniels-Midland during the 4th quarter valued at $51,000. 78.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total value of $419,279.92. Following the transaction, the insider now owns 8,555 shares in the company, valued at $519,545.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Down 0.4 %

ADM stock opened at $60.49 on Friday. 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 simple moving average of $61.60 and a 200 day simple moving average of $63.57. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, beating 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%. Archer-Daniels-Midland’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 earnings per share. Sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.61 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its board has initiated a share buyback plan on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have issued reports on ADM. Bank of America cut their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. TheStreet downgraded Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a report on Monday, February 12th. Jefferies Financial Group cut their price target on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. Citigroup raised their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, BMO Capital Markets dropped their target price on 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. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and an average target price of $67.50.

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.