Archer-Daniels-Midland Company (NYSE:ADM) Position Boosted by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,987 shares of the company’s stock after purchasing an additional 1,972 shares during the period. Metis Global Partners LLC’s holdings in Archer-Daniels-Midland were worth $2,626,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ADM. Harbor Capital Advisors Inc. bought a new position in Archer-Daniels-Midland in the third quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in Archer-Daniels-Midland in the third quarter worth about $26,000. Peterson Financial Group Inc. bought a new position in Archer-Daniels-Midland in the third quarter worth about $28,000. Raleigh Capital Management Inc. lifted 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 worth $28,000 after acquiring an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Archer-Daniels-Midland in the fourth quarter worth about $28,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $47.27 on Friday. The firm has a market capitalization of $22.68 billion, a PE ratio of 13.10, a P/E/G ratio of 1.54 and a beta of 0.72. 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 Company has a 12 month low of $44.92 and a 12 month high of $66.08. The company’s 50 day simple moving average is $49.17 and its 200 day simple moving average is $53.95.

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. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter in the previous year, the business earned $1.36 EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its board has approved a share buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADM. BMO Capital Markets cut their target price on shares of 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. Bank of America cut 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 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 on the stock in a report on Monday, February 24th. Stephens dropped their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Morgan Stanley dropped their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and an average 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.