Avior Wealth Management LLC Decreases Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Avior Wealth Management LLC lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,491 shares of the company’s stock after selling 513 shares during the quarter. Avior Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $397,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Archer-Daniels-Midland by 1.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,171 shares of the company’s stock worth $1,130,000 after purchasing an additional 146 shares during the period. Jeppson Wealth Management LLC boosted its position in Archer-Daniels-Midland by 3.3% during the fourth quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company’s stock worth $342,000 after purchasing an additional 151 shares during the period. Carolinas Wealth Consulting LLC boosted its position in Archer-Daniels-Midland by 37.0% during the first quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company’s stock worth $55,000 after purchasing an additional 164 shares during the period. Plancorp LLC boosted its position in Archer-Daniels-Midland by 5.2% during the first quarter. Plancorp LLC now owns 3,308 shares of the company’s stock worth $299,000 after purchasing an additional 164 shares during the period. Finally, Park Avenue Securities LLC boosted its position in Archer-Daniels-Midland by 1.0% during the third quarter. Park Avenue Securities LLC now owns 16,850 shares of the company’s stock worth $1,271,000 after purchasing an additional 172 shares during the period. Institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of research reports. StockNews.com lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Roth Capital lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Stifel Nicolaus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and cut their price objective for the company from $116.00 to $56.00 in a research report on Monday, January 22nd. UBS Group restated a “neutral” rating and issued a $51.00 price objective (down from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. Finally, The Goldman Sachs Group lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their price objective for the company from $90.00 to $67.00 in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Trading Up 2.2 %

Shares of Archer-Daniels-Midland stock opened at $61.74 on Friday. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30. The firm has a market cap of $30.98 billion, a PE ratio of 9.65 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95. The company has a 50 day simple moving average of $58.09 and a two-hundred day simple moving average of $65.75.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.07). The company had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.79 billion. Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.93 earnings per share. Analysts expect that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.24%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 31.25%.

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