Twin Capital Management Inc. Sells 811 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Twin Capital Management Inc. reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,421 shares of the company’s stock after selling 811 shares during the quarter. Twin Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $3,641,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ADM. PCA Investment Advisory Services Inc. bought a new stake in Archer-Daniels-Midland during the 2nd quarter worth about $25,000. Orion Capital Management LLC bought a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $28,000. Tompkins Financial Corp bought a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $28,000. Legacy Financial Group LLC bought a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $30,000. Finally, Operose Advisors LLC bought a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $30,000. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Performance

ADM traded up $0.86 on Thursday, reaching $61.28. The company had a trading volume of 1,137,540 shares, compared to its average volume of 6,051,932. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30. The stock has a market cap of $30.75 billion, a P/E ratio of 9.44 and a beta of 0.77. The company’s fifty day moving average is $57.91 and its 200 day moving average is $65.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60.

Archer-Daniels-Midland (NYSE:ADM) last announced its 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 analyst estimates of $23.79 billion. During the same quarter in the previous year, the company earned $1.93 EPS. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. As a group, analysts predict that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share buyback program on Tuesday, March 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 6.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. 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. Archer-Daniels-Midland’s dividend payout ratio is presently 31.25%.

Analyst Upgrades and Downgrades

ADM has been the topic of several analyst reports. Roth Capital cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Bank of America lowered their price objective on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. StockNews.com lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Argus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, UBS Group restated a “neutral” rating and set a $51.00 price objective (down from $104.00) on shares of Archer-Daniels-Midland in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus 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.