Quent Capital LLC Sells 249 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Quent Capital LLC reduced its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 11.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,938 shares of the company’s stock after selling 249 shares during the quarter. Quent Capital LLC’s holdings in Archer-Daniels-Midland were worth $98,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth approximately $26,000. Peterson Financial Group Inc. bought a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth approximately $28,000. Raleigh Capital Management Inc. boosted its stake in shares of Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $28,000. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $45.22 on Thursday. The stock has a fifty day moving average price of $50.42 and a 200-day moving average price of $55.08. The company has a market cap of $21.64 billion, a price-to-earnings ratio of 12.53 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. Archer-Daniels-Midland Company has a fifty-two week low of $45.01 and a fifty-two week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the prior year, the company posted $1.36 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that Archer-Daniels-Midland Company will post 4.53 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its board has approved a share repurchase program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.51%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is 55.40%.

Analysts Set New Price Targets

ADM has been the subject of several recent research reports. Barclays reduced their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. 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 note on Wednesday, February 5th. Stephens reduced their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. 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 note on Tuesday. Finally, 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 note on Tuesday. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $55.11.

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.