Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 29.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,293 shares of the company’s stock after selling 7,164 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Archer-Daniels-Midland were worth $872,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Barclays PLC lifted its holdings in shares of Archer-Daniels-Midland by 52.0% during the third quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock worth $89,738,000 after purchasing an additional 514,005 shares during the period. Invst LLC acquired a new stake in Archer-Daniels-Midland during the 3rd quarter valued at approximately $640,000. Virtu Financial LLC purchased a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $981,000. World Investment Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland in the third quarter worth $1,204,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Archer-Daniels-Midland during the third quarter valued at $425,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ADM. Morgan Stanley reduced their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Bank of America raised shares of Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and cut their target price for the company from $48.00 to $47.00 in a report on Tuesday, April 15th. BMO Capital Markets lowered their price target on shares of 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. Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Finally, Barclays dropped their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average target price of $52.75.

Archer-Daniels-Midland Price Performance

ADM stock opened at $48.24 on Monday. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The firm has a market capitalization of $23.14 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.54 and a beta of 0.66. 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 business’s 50-day moving average is $46.86 and its two-hundred day moving average is $50.14.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating 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 last year, the firm earned $1.36 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 6.4% on a year-over-year basis. Analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 56.51%.

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.