Brookstone Capital Management Sells 2,914 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Brookstone Capital Management reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 38.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,697 shares of the company’s stock after selling 2,914 shares during the quarter. Brookstone Capital Management’s holdings in Archer-Daniels-Midland were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADM. Norges Bank bought a new position in Archer-Daniels-Midland in the 4th quarter valued at approximately $420,457,000. Morgan Stanley lifted its position in Archer-Daniels-Midland by 41.8% in the 3rd quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock valued at $651,737,000 after acquiring an additional 2,547,232 shares in the last quarter. Wellington Management Group LLP lifted its position in Archer-Daniels-Midland by 11.1% in the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock valued at $1,106,830,000 after acquiring an additional 1,532,284 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Archer-Daniels-Midland by 27,778.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,009,197 shares of the company’s stock valued at $76,114,000 after acquiring an additional 1,005,577 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Archer-Daniels-Midland by 127.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 805,884 shares of the company’s stock valued at $58,201,000 after acquiring an additional 450,814 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Insider Buying and Selling

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 transaction, the insider now owns 8,555 shares of the company’s stock, valued at approximately $519,545.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ADM shares. Jefferies Financial Group lowered their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, March 13th. Bank of America decreased their target price on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Citigroup boosted their target price on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets decreased their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.50.

Archer-Daniels-Midland Trading Up 2.5 %

NYSE:ADM opened at $62.14 on Wednesday. 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 firm has a market capitalization of $30.72 billion, a price-to-earnings ratio of 10.90 and a beta of 0.74. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30. The business has a fifty day moving average price of $60.92 and a 200-day moving average price of $61.11.

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

Archer-Daniels-Midland declared that its board has approved a stock repurchase plan on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.22%. The ex-dividend date was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

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.