Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC boosted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,191 shares of the company’s stock after purchasing an additional 4,281 shares during the quarter. Truvestments Capital LLC’s holdings in Archer-Daniels-Midland were worth $2,536,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Archer-Daniels-Midland during the 3rd quarter valued at approximately $26,000. Peterson Financial Group Inc. bought a new position in shares of Archer-Daniels-Midland in the third quarter worth $28,000. Fairway Wealth LLC bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. grew its position in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after buying an additional 357 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 3.9 %

Shares of NYSE ADM opened at $48.62 on Wednesday. The business has a fifty day simple moving average of $48.80 and a 200-day simple moving average of $53.35. The company has a market cap of $23.33 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data 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 firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 EPS. Sell-side analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.51 dividend. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.20%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is currently 56.51%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock repurchase program on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America cut their target price 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. Citigroup raised their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Morgan Stanley reduced their price objective on shares of 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. Barclays cut their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Finally, Stephens decreased their price target 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 issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $54.89.

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.