Baker Ellis Asset Management LLC Trims Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Baker Ellis Asset Management LLC trimmed its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 57,297 shares of the company’s stock after selling 1,367 shares during the period. Baker Ellis Asset Management LLC’s holdings in Archer-Daniels-Midland were worth $3,599,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ADM. Cary Street Partners Investment Advisory LLC raised its stake in shares of Archer-Daniels-Midland by 249.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,168 shares of the company’s stock valued at $164,000 after acquiring an additional 1,548 shares during the period. Operose Advisors LLC purchased a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $30,000. O Shaughnessy Asset Management LLC raised its stake in shares of Archer-Daniels-Midland by 92.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 79,540 shares of the company’s stock valued at $5,999,000 after acquiring an additional 38,182 shares during the period. Mutual Advisors LLC increased its stake in Archer-Daniels-Midland by 1.3% during the 3rd quarter. Mutual Advisors LLC now owns 15,439 shares of the company’s stock worth $1,164,000 after buying an additional 192 shares during the period. Finally, Trexquant Investment LP purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $5,772,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the sale, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ADM shares. Citigroup upped their target price on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group cut their target price on shares of 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. BMO Capital Markets cut their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. Finally, Bank of America cut their target price on shares of 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. One investment 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 stock presently has a consensus rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Down 0.3 %

Shares of Archer-Daniels-Midland stock traded down $0.16 during trading hours on Friday, hitting $60.45. The company had a trading volume of 11,726,102 shares, compared to its average volume of 4,361,535. The company’s 50-day moving average is $60.95 and its two-hundred day moving average is $61.31. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.88. The company has a market cap of $29.89 billion, a P/E ratio of 10.61 and a beta of 0.75.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The business had revenue of $21.85 billion during the quarter, compared to analysts’ expectations of $22.26 billion. During the same quarter in the prior year, the business posted $2.09 EPS. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. Analysts anticipate that Archer-Daniels-Midland Company will post 5.62 earnings per share for the current fiscal year.

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

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Wednesday, May 15th. Archer-Daniels-Midland’s payout ratio is 35.09%.

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.