Calamos Advisors LLC Sells 2,120 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Calamos Advisors LLC lowered its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Xponance Inc. raised its stake in Archer-Daniels-Midland by 20.0% during the 4th quarter. Xponance Inc. now owns 92,768 shares of the company’s stock valued at $6,700,000 after purchasing an additional 15,488 shares during the period. AIA Group Ltd raised its stake in Archer-Daniels-Midland by 13.8% during the 4th quarter. AIA Group Ltd now owns 14,999 shares of the company’s stock valued at $1,083,000 after purchasing an additional 1,814 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Archer-Daniels-Midland by 0.9% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 49,240 shares of the company’s stock valued at $3,555,000 after purchasing an additional 427 shares during the period. Daiwa Securities Group Inc. raised its stake in Archer-Daniels-Midland by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 60,715 shares of the company’s stock valued at $4,385,000 after purchasing an additional 3,280 shares during the period. Finally, Rakuten Securities Inc. bought a new stake in Archer-Daniels-Midland during the 4th quarter valued at approximately $57,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $62.60 on Friday. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60. The firm has a market capitalization of $31.41 billion, a P/E ratio of 9.78 and a beta of 0.77. The stock has a 50 day moving average price of $58.28 and a 200 day moving average price of $65.67.

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

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders 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 is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.19%. Archer-Daniels-Midland’s payout ratio is 31.25%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 12th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to purchase up to 6.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADM. BMO Capital Markets decreased their target price on 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. Roth Capital cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Robert W. Baird cut Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and cut their price target for the company from $96.00 to $61.00 in a report on Monday, January 22nd. Citigroup raised their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.