Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Everence Capital Management Inc.

Everence Capital Management Inc. raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 412.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,130 shares of the company’s stock after acquiring an additional 24,250 shares during the quarter. Everence Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $2,176,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of Archer-Daniels-Midland by 1.9% during the 3rd quarter. Northern Trust Corp now owns 13,303,791 shares of the company’s stock worth $1,003,372,000 after buying an additional 252,486 shares during the last quarter. Morgan Stanley raised its stake in shares of Archer-Daniels-Midland by 41.8% during the 3rd quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock worth $651,737,000 after buying an additional 2,547,232 shares during the last quarter. Norges Bank acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter worth $525,111,000. Macquarie Group Ltd. raised its stake in shares of Archer-Daniels-Midland by 9.1% during the 1st quarter. Macquarie Group Ltd. now owns 5,626,231 shares of the company’s stock worth $448,185,000 after buying an additional 467,243 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Archer-Daniels-Midland by 5.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,696,394 shares of the company’s stock valued at $278,779,000 after purchasing an additional 195,255 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Jefferies Financial Group cut their target price on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday, March 13th. UBS Group restated a “neutral” rating and issued a $51.00 price target (down previously from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. Robert W. Baird cut Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $96.00 to $61.00 in a report on Monday, January 22nd. The Goldman Sachs Group cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $67.00 in a report on Monday, January 22nd. Finally, TheStreet cut Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock opened at $60.26 on Wednesday. The stock’s 50 day moving average price is $57.76 and its 200 day moving average price is $65.81. The firm has a market capitalization of $30.24 billion, a PE ratio of 9.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30.

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

Archer-Daniels-Midland declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.32%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, February 7th. Archer-Daniels-Midland’s dividend payout ratio is presently 31.25%.

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.