Robinson Value Management Ltd. Boosts Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Robinson Value Management Ltd. boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,377 shares of the company’s stock after buying an additional 518 shares during the quarter. Robinson Value Management Ltd.’s holdings in Archer-Daniels-Midland were worth $2,141,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Archer-Daniels-Midland by 3.3% during the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after buying an additional 1,018,256 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after purchasing an additional 5,702,451 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after purchasing an additional 2,296,193 shares in the last quarter. FMR LLC raised its holdings in shares of Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after purchasing an additional 1,007,494 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock valued at $215,533,000 after purchasing an additional 63,883 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Up 0.4 %

NYSE:ADM opened at $45.74 on Friday. Archer-Daniels-Midland Company has a 1 year low of $45.01 and a 1 year high of $66.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. The stock has a fifty day moving average price of $50.72 and a two-hundred day moving average price of $55.43. The stock has a market capitalization of $21.89 billion, a price-to-earnings ratio of 12.67 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter last year, the business earned $1.36 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.53 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management 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. Investors of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. The ex-dividend date is Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.46%. Archer-Daniels-Midland’s payout ratio is currently 55.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ADM shares. Morgan Stanley reduced their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. BMO Capital Markets cut 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 note on Wednesday. Citigroup lifted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Barclays cut 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 note on Tuesday, January 21st. Finally, Stephens lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Two investment 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 stock has an average rating of “Hold” and a consensus target price of $56.33.

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.