Trilogy Capital Inc. Sells 29,900 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Trilogy Capital Inc. cut its position in Archer-Daniels-Midland Company (NYSE:ADM) by 68.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,783 shares of the company’s stock after selling 29,900 shares during the quarter. Trilogy Capital Inc.’s holdings in Archer-Daniels-Midland were worth $696,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ADM. Wellington Management Group LLP increased its holdings in shares of Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after acquiring an additional 2,296,193 shares in the last quarter. State Street Corp increased its holdings in shares of Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after acquiring an additional 1,018,256 shares in the last quarter. FMR LLC increased its holdings in shares of Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after acquiring an additional 1,007,494 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Archer-Daniels-Midland by 52.0% during the third quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock valued at $89,738,000 after acquiring an additional 514,005 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ADM. Barclays cut their price objective on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Citigroup upped their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. BMO Capital Markets dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday. Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $63.00 to $54.00 in a research report on Tuesday, January 14th. Finally, Stephens dropped their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $56.33.

Archer-Daniels-Midland Trading Down 2.1 %

Archer-Daniels-Midland stock opened at $45.48 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12 month low of $45.01 and a 12 month high of $66.08. The stock’s 50 day simple moving average is $51.08 and its two-hundred day simple moving average is $55.62. The firm has a market cap of $21.76 billion, a PE ratio of 12.99 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.96% and a net margin of 2.07%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter last year, the firm posted $1.36 EPS. The business’s revenue was down 6.4% on a year-over-year basis. Analysts anticipate that Archer-Daniels-Midland Company will post 4.72 earnings per share for the current year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are often 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 will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.51 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.49%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 57.14%.

Archer-Daniels-Midland 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.