Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. lifted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 412.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,130 shares of the company’s stock after purchasing an additional 24,250 shares during the period. Everence Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $2,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ADM. Norges Bank acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $525,111,000. Morgan Stanley raised its position in Archer-Daniels-Midland by 41.8% during the third quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock worth $651,737,000 after acquiring an additional 2,547,232 shares during the period. Renaissance Technologies LLC acquired a new position in Archer-Daniels-Midland during the first quarter worth $105,741,000. Deutsche Bank AG raised its position in Archer-Daniels-Midland by 73.7% during the first quarter. Deutsche Bank AG now owns 2,935,163 shares of the company’s stock worth $233,815,000 after acquiring an additional 1,245,194 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in Archer-Daniels-Midland by 27,778.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,009,197 shares of the company’s stock worth $76,114,000 after acquiring an additional 1,005,577 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Down 0.4 %

Shares of ADM opened at $60.26 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 0.95 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 has a 50-day moving average price of $57.76 and a 200 day moving average price of $65.81. The firm has a market capitalization of $30.24 billion, a P/E ratio of 9.42 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data 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 net margin of 3.71% and a return on equity of 15.25%. The firm had revenue of $22.98 billion during the quarter, compared to analysts’ expectations of $23.79 billion. During the same period in the prior year, the company posted $1.93 EPS. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. Sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.32%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s dividend payout ratio is currently 31.25%.

Archer-Daniels-Midland declared that its Board of Directors has authorized a stock buyback program 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 programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ADM shares. Barclays cut 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 research report on Monday, January 22nd. The Goldman Sachs Group cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. Robert W. Baird cut shares of Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $96.00 to $61.00 in a research report on Monday, January 22nd. Citigroup upped their price objective on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Argus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus price target of $67.50.

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.