FreeGulliver LLC Has $404,000 Stake in Archer-Daniels-Midland Company (NYSE:ADM)

FreeGulliver LLC lifted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 133.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the company’s stock after purchasing an additional 4,571 shares during the quarter. FreeGulliver LLC’s holdings in Archer-Daniels-Midland were worth $404,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Xponance Inc. raised its stake in Archer-Daniels-Midland by 3.4% during the fourth quarter. Xponance Inc. now owns 133,947 shares of the company’s stock worth $6,767,000 after acquiring an additional 4,427 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Archer-Daniels-Midland during the fourth quarter worth $821,000. Horizon Investments LLC raised its stake in Archer-Daniels-Midland by 3.5% during the fourth quarter. Horizon Investments LLC now owns 8,529 shares of the company’s stock worth $431,000 after acquiring an additional 285 shares in the last quarter. Cibc World Markets Corp raised its stake in Archer-Daniels-Midland by 14.4% during the fourth quarter. Cibc World Markets Corp now owns 187,582 shares of the company’s stock worth $9,477,000 after acquiring an additional 23,679 shares in the last quarter. Finally, SlateStone Wealth LLC raised its stake in Archer-Daniels-Midland by 3.2% during the fourth quarter. SlateStone Wealth LLC now owns 12,875 shares of the company’s stock worth $650,000 after acquiring an additional 400 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Bank of America dropped their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. BMO Capital Markets dropped their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Barclays decreased their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Finally, Morgan Stanley decreased their target price on 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. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.63.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $47.70 on Wednesday. The business’s 50-day simple moving average is $48.55 and its 200 day simple moving average is $52.88. The stock has a market cap of $22.88 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 12-month low of $44.92 and a 12-month high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter last year, the business earned $1.36 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.28%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its board has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.