Fractal Investments LLC Sells 7,028 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Fractal Investments LLC trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM) by 70.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,000 shares of the company’s stock after selling 7,028 shares during the period. Fractal Investments LLC’s holdings in Archer-Daniels-Midland were worth $217,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. boosted its position in Archer-Daniels-Midland by 5.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 25,217 shares of the company’s stock valued at $1,821,000 after buying an additional 1,285 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $215,000. Harbor Advisors LLC acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $217,000. SlateStone Wealth LLC lifted its stake in shares of Archer-Daniels-Midland by 22.7% in the 4th quarter. SlateStone Wealth LLC now owns 28,858 shares of the company’s stock valued at $2,084,000 after purchasing an additional 5,338 shares during the period. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Archer-Daniels-Midland by 26.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 93,595 shares of the company’s stock valued at $6,759,000 after purchasing an additional 19,803 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Down 0.4 %

Shares of NYSE ADM traded down $0.22 during mid-day trading on Wednesday, hitting $61.57. The company had a trading volume of 3,708,642 shares, compared to its average volume of 5,999,852. The company has a market capitalization of $30.89 billion, a PE ratio of 9.62 and a beta of 0.77. The firm has a 50-day simple moving average of $58.81 and a two-hundred day simple moving average of $65.37. 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 one year low of $50.72 and a one year high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $1.36 earnings per share 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 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%. Archer-Daniels-Midland’s revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 EPS. On average, equities analysts expect that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

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

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were issued a $0.50 dividend. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 3.25%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 31.25%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ADM. TheStreet downgraded Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Bank of America cut their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. The Goldman Sachs Group downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their price target for the company from $90.00 to $67.00 in a research note on Monday, January 22nd. Stifel Nicolaus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $116.00 to $56.00 in a research note on Monday, January 22nd. Finally, Jefferies Financial Group dropped their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.