Banco Bilbao Vizcaya Argentaria S.A. Sells 7,164 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,293 shares of the company’s stock after selling 7,164 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Archer-Daniels-Midland were worth $872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in Archer-Daniels-Midland during the 4th quarter valued at about $333,521,000. Pacer Advisors Inc. raised its holdings in shares of Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after acquiring an additional 2,296,193 shares in the last quarter. Wellington Management Group LLP lifted its stake in Archer-Daniels-Midland by 8.9% in the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock worth $1,068,626,000 after acquiring an additional 1,722,428 shares during the period. Invesco Ltd. boosted its holdings in Archer-Daniels-Midland by 24.8% in the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock valued at $361,007,000 after acquiring an additional 1,420,625 shares in the last quarter. Finally, Amundi increased its position in Archer-Daniels-Midland by 56.7% during the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock valued at $123,340,000 after purchasing an additional 894,562 shares during the period. Institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ADM shares. BMO Capital Markets reduced their target price on 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. Bank of America upgraded Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and decreased their price objective for the stock from $48.00 to $47.00 in a report on Tuesday, April 15th. Morgan Stanley dropped their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Barclays decreased their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Finally, Stephens dropped their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $52.75.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $48.24 on Monday. The company has a market cap of $23.14 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The stock’s 50 day simple moving average is $46.86 and its two-hundred day simple moving average is $50.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter last year, the firm earned $1.36 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is 56.51%.

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.