Kintegral Advisory LLC Has $587,000 Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Kintegral Advisory LLC cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,620 shares of the company’s stock after selling 541 shares during the quarter. Kintegral Advisory LLC’s holdings in Archer-Daniels-Midland were worth $587,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ADM. Harbor Capital Advisors Inc. bought a new position in shares of Archer-Daniels-Midland in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of Archer-Daniels-Midland in the third quarter valued at approximately $26,000. Peterson Financial Group Inc. bought a new position in shares of Archer-Daniels-Midland in the third quarter valued at approximately $28,000. Raleigh Capital Management Inc. raised its position in shares of 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 purchasing an additional 357 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at approximately $28,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Up 3.8 %

Shares of Archer-Daniels-Midland stock opened at $48.30 on Monday. The firm has a market capitalization of $23.11 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.48 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.44 and a quick ratio of 0.84. The company’s fifty day moving average price is $49.47 and its two-hundred day moving average price is $54.30. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced 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. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS. On average, analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans 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. Shareholders of record on Tuesday, February 18th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is 56.51%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ADM. Barclays dropped their price target on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. 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. Morgan Stanley dropped their target price on shares of 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. Bank of America dropped their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 11th. Finally, Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.