Duality Advisers LP Decreases Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Duality Advisers LP lessened its position in Archer-Daniels-Midland Company (NYSE:ADM) by 16.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 55,869 shares of the company’s stock after selling 11,099 shares during the quarter. Duality Advisers LP’s holdings in Archer-Daniels-Midland were worth $4,035,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB lifted its position in Archer-Daniels-Midland by 12.8% during the fourth quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock worth $88,534,000 after buying an additional 139,064 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Archer-Daniels-Midland by 3.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,072,606 shares of the company’s stock worth $80,896,000 after buying an additional 31,700 shares in the last quarter. Pathstone Family Office LLC increased its stake in Archer-Daniels-Midland by 543.2% during the third quarter. Pathstone Family Office LLC now owns 28,000 shares of the company’s stock worth $2,112,000 after acquiring an additional 23,647 shares during the last quarter. Artemis Investment Management LLP increased its stake in Archer-Daniels-Midland by 12.3% during the fourth quarter. Artemis Investment Management LLP now owns 733,113 shares of the company’s stock worth $52,946,000 after acquiring an additional 80,245 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in Archer-Daniels-Midland by 37.2% during the third quarter. Kestra Private Wealth Services LLC now owns 17,386 shares of the company’s stock worth $1,311,000 after acquiring an additional 4,711 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent analyst reports. The Goldman Sachs Group cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their target price for the stock from $90.00 to $67.00 in a research note on Monday, January 22nd. Roth Mkm cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their target price for the stock from $98.00 to $66.00 in a research note on Monday, January 22nd. StockNews.com cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. TheStreet cut Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Finally, BMO Capital Markets dropped their price objective on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Trading Down 0.2 %

NYSE:ADM opened at $62.50 on Tuesday. The firm has a market cap of $31.36 billion, a PE ratio of 9.77 and a beta of 0.77. The stock has a fifty day moving average price of $58.46 and a 200 day moving average price of $65.48. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $87.30. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). The business had revenue of $22.98 billion for the quarter, compared to analysts’ expectations of $23.79 billion. Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. During the same period last year, the firm earned $1.93 earnings per share. Sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.20%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, February 7th. Archer-Daniels-Midland’s payout ratio is 31.25%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share buyback program on Tuesday, March 12th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to purchase up to 6.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.