Grantham Mayo Van Otterloo & Co. LLC Has $16.70 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Grantham Mayo Van Otterloo & Co. LLC lessened its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,513 shares of the company’s stock after selling 9,168 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.07% of Archer-Daniels-Midland worth $16,698,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. West Financial Advisors LLC raised its position in Archer-Daniels-Midland by 10.1% in the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock valued at $111,000 after buying an additional 201 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Archer-Daniels-Midland by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock valued at $109,000 after purchasing an additional 210 shares during the last quarter. Invesco LLC lifted its position in shares of Archer-Daniels-Midland by 1.3% in the fourth quarter. Invesco LLC now owns 16,242 shares of the company’s stock worth $821,000 after purchasing an additional 211 shares in the last quarter. Advisor OS LLC boosted its holdings in Archer-Daniels-Midland by 4.9% during the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock worth $231,000 after purchasing an additional 212 shares during the last quarter. Finally, Advisory Alpha LLC grew its position in Archer-Daniels-Midland by 2.8% in the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock valued at $402,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 8.9 %

ADM opened at $43.32 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $47.51 and its 200 day simple moving average is $51.74. Archer-Daniels-Midland Company has a 1-year low of $43.01 and a 1-year high of $66.08. The stock has a market cap of $20.78 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66.

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

Archer-Daniels-Midland announced that its board has initiated a stock buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.71%. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Analysts Set New Price Targets

A number of research firms have recently commented on ADM. Morgan Stanley reduced their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Stephens decreased their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Barclays lowered their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Bank of America decreased their target price on shares of 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. Finally, BMO Capital Markets dropped their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus price target of $53.63.

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.