Jacobi Capital Management LLC Has $680,000 Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Jacobi Capital Management LLC decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,451 shares of the company’s stock after selling 1,691 shares during the period. Jacobi Capital Management LLC’s holdings in Archer-Daniels-Midland were worth $680,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ADM. Pinnacle Associates Ltd. boosted its position in Archer-Daniels-Midland by 15.8% during the third quarter. Pinnacle Associates Ltd. now owns 16,100 shares of the company’s stock valued at $962,000 after purchasing an additional 2,192 shares during the last quarter. Capital Advisors Inc. OK acquired a new stake in shares of Archer-Daniels-Midland in the third quarter worth about $235,000. Chicago Partners Investment Group LLC lifted its position in shares of Archer-Daniels-Midland by 0.8% in the third quarter. Chicago Partners Investment Group LLC now owns 38,333 shares of the company’s stock worth $2,150,000 after buying an additional 291 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Archer-Daniels-Midland in the third quarter worth about $25,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Archer-Daniels-Midland in the third quarter worth about $72,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ADM. BMO Capital Markets reduced their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley reduced their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Bank of America reduced their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, February 11th. Stephens dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Barclays dropped their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.89.

Archer-Daniels-Midland Trading Up 1.5 %

Shares of ADM opened at $47.27 on Monday. 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. The firm has a market capitalization of $22.68 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 1.54 and a beta of 0.72. The stock’s 50-day moving average price is $49.17 and its 200 day moving average price is $53.92.

Archer-Daniels-Midland (NYSE:ADM) last issued 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 firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, research analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.32%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is currently 56.51%.

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.