Archer-Daniels-Midland Company (NYSE:ADM) Holdings Lowered by MJP Associates Inc. ADV

MJP Associates Inc. ADV lowered its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 6.0% during the fourth quarter, HoldingsChannel reports. The firm owned 3,477 shares of the company’s stock after selling 221 shares during the period. MJP Associates Inc. ADV’s holdings in Archer-Daniels-Midland were worth $251,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ADM. Cetera Investment Advisers raised its holdings in shares of Archer-Daniels-Midland by 71.9% during the 1st quarter. Cetera Investment Advisers now owns 18,699 shares of the company’s stock valued at $1,688,000 after purchasing an additional 7,821 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Archer-Daniels-Midland in the first quarter valued at approximately $277,000. Brighton Jones LLC bought a new position in Archer-Daniels-Midland during the first quarter worth about $226,000. Candriam Luxembourg S.C.A. increased its stake in Archer-Daniels-Midland by 22.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 31,004 shares of the company’s stock valued at $2,798,000 after purchasing an additional 5,586 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Archer-Daniels-Midland by 2.1% during the first quarter. Baird Financial Group Inc. now owns 459,907 shares of the company’s stock worth $41,512,000 after acquiring an additional 9,327 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Trading Down 0.3 %

Archer-Daniels-Midland stock traded down $0.18 during mid-day trading on Thursday, hitting $62.81. 4,076,306 shares of the stock were exchanged, compared to its average volume of 6,669,883. The stock has a market capitalization of $32.02 billion, a price-to-earnings ratio of 9.87 and a beta of 0.75. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30. The firm’s fifty day simple moving average is $56.01 and its two-hundred day simple moving average is $67.46.

Archer-Daniels-Midland (NYSE:ADM) last posted 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). The business had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.79 billion. Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. Archer-Daniels-Midland’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.93 earnings per share. Analysts forecast that Archer-Daniels-Midland Company will post 5.58 EPS for the current year.

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

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.18%. Archer-Daniels-Midland’s dividend payout ratio is 31.25%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America cut their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. StockNews.com downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Barclays downgraded shares of Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 price objective for the company. in a report on Monday, January 22nd. Citigroup initiated coverage on shares of Archer-Daniels-Midland in a research report on Thursday, February 1st. They issued a “neutral” rating and a $57.00 price target for the company. Finally, BMO Capital Markets reduced their price target on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research report 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, the stock presently has an average rating of “Hold” and an average price target of $67.00.

Archer-Daniels-Midland Company 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.