Envestnet Portfolio Solutions Inc. Decreases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Envestnet Portfolio Solutions Inc. reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,704 shares of the company’s stock after selling 677 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Archer-Daniels-Midland were worth $3,370,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Fairway Wealth LLC bought a new stake in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. boosted its holdings in Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 357 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Archer-Daniels-Midland during the 4th quarter valued at $28,000. ST Germain D J Co. Inc. lifted its position in shares of Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after purchasing an additional 500 shares during the period. Finally, Crews Bank & Trust bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Bank of America reduced their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 11th. Barclays lowered their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. Citigroup upped their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Finally, Stephens lowered their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. 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 data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus target price of $53.63.

Archer-Daniels-Midland Price Performance

ADM opened at $46.93 on Thursday. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08. The stock has a 50-day moving average price of $48.49 and a 200-day moving average price of $52.84. The firm has a market cap of $22.51 billion, a PE ratio of 13.00, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81.

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

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

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.35%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

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.