Archer-Daniels-Midland Company (NYSE:ADM) Stock Position Decreased by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. cut its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 48.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,500 shares of the company’s stock after selling 10,000 shares during the period. Levin Capital Strategies L.P.’s holdings in Archer-Daniels-Midland were worth $530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. West Financial Advisors LLC raised its stake in shares of 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 acquiring an additional 201 shares in the last quarter. Hantz Financial Services Inc. increased its position in Archer-Daniels-Midland by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock worth $109,000 after buying an additional 210 shares during the period. Invesco LLC increased its position in Archer-Daniels-Midland by 1.3% in the 4th quarter. Invesco LLC now owns 16,242 shares of the company’s stock worth $821,000 after buying an additional 211 shares during the period. Advisor OS LLC increased its position in Archer-Daniels-Midland by 4.9% in the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock worth $231,000 after buying an additional 212 shares during the period. Finally, Advisory Alpha LLC increased its position in Archer-Daniels-Midland by 2.8% in the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock worth $402,000 after buying an additional 216 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on ADM shares. Citigroup lifted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Stephens dropped their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Barclays decreased their price objective 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, BMO Capital Markets decreased their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $54.89.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $47.27 on Friday. The stock’s fifty day simple moving average is $49.17 and its 200 day simple moving average is $53.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The firm has a market cap 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. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08.

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

Archer-Daniels-Midland Increases Dividend

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

Archer-Daniels-Midland announced that its board has authorized a share repurchase program on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.