Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC decreased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 162,316 shares of the company’s stock after selling 2,120 shares during the quarter. Calamos Advisors LLC’s holdings in Archer-Daniels-Midland were worth $11,722,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp raised its holdings in shares of Archer-Daniels-Midland by 1.9% during the third 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 raised its stake in Archer-Daniels-Midland by 41.8% in the 3rd 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. Norges Bank purchased a new position in Archer-Daniels-Midland in the 4th quarter valued at $525,111,000. Macquarie Group Ltd. boosted its stake in Archer-Daniels-Midland by 9.1% during the 1st quarter. Macquarie Group Ltd. now owns 5,626,231 shares of the company’s stock worth $448,185,000 after purchasing an additional 467,243 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Archer-Daniels-Midland by 5.6% during the third 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 in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $62.60 on Friday. The stock has a market cap of $31.41 billion, a PE ratio of 9.78 and a beta of 0.77. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The stock has a fifty day simple moving average of $58.28 and a 200-day simple moving average of $65.67.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.07). The company had revenue of $22.98 billion during the quarter, compared to analyst estimates of $23.79 billion. Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The business’s revenue was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.93 earnings per share. Equities analysts anticipate that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 31.25%.

Archer-Daniels-Midland declared that its board has authorized a share buyback program on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to buy up to 6.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. BMO Capital Markets dropped their price target on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday, March 13th. TheStreet downgraded Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, The Goldman Sachs Group cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their target price for the company from $90.00 to $67.00 in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $67.50.

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.