Brandywine Global Investment Management LLC Sells 900 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Brandywine Global Investment Management LLC cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 683,934 shares of the company’s stock after selling 900 shares during the quarter. Brandywine Global Investment Management LLC owned 0.14% of Archer-Daniels-Midland worth $34,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fairway Wealth LLC bought a new stake in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. lifted its stake in Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after purchasing an additional 357 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the fourth quarter valued at about $28,000. ST Germain D J Co. Inc. grew its stake in shares of Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after buying an additional 500 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

ADM opened at $47.87 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The company has a 50 day simple moving average of $47.89 and a two-hundred day simple moving average of $52.19. The firm has a market cap of $22.97 billion, a P/E ratio of 13.26, a PEG ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. During the same period in the previous year, the firm earned $1.36 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. Equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its board has authorized a stock repurchase plan on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.26%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Bank of America dropped their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, February 11th. Citigroup upped their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Barclays lowered their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Stephens cut their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, BMO Capital Markets dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average price target of $53.63.

Archer-Daniels-Midland 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.