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

Twin Capital Management Inc. trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 50,421 shares of the company’s stock after selling 811 shares during the period. Twin Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $3,641,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ADM. PCA Investment Advisory Services Inc. purchased a new position in Archer-Daniels-Midland during the second quarter worth about $25,000. Orion Capital Management LLC purchased a new position in Archer-Daniels-Midland during the third quarter worth about $28,000. Tompkins Financial Corp purchased a new position in Archer-Daniels-Midland during the third quarter worth about $28,000. Legacy Financial Group LLC acquired a new position in Archer-Daniels-Midland during the third quarter worth about $30,000. Finally, Operose Advisors LLC acquired a new position in Archer-Daniels-Midland during the third quarter worth about $30,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Trading Up 1.4 %

NYSE:ADM traded up $0.86 during trading hours on Thursday, reaching $61.28. 1,137,540 shares of the company were exchanged, compared to its average volume of 6,051,932. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95. The firm has a market cap of $30.75 billion, a price-to-earnings ratio of 9.44 and a beta of 0.77. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30. The stock has a 50 day simple moving average of $57.91 and a 200 day simple moving average of $65.77.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). The company 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 business’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.93 EPS. As a group, analysts predict that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

Archer-Daniels-Midland declared that its Board of Directors has approved 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 reacquire up to 6.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management 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. Stockholders of record on Thursday, February 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Wednesday, February 7th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 31.25%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ADM shares. StockNews.com lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Roth Mkm lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $98.00 to $66.00 in a research report on Monday, January 22nd. The Goldman Sachs Group lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lowered their price target for the company from $90.00 to $67.00 in a research report on Monday, January 22nd. Robert W. Baird lowered shares of 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 research report on Monday, January 22nd. Finally, Barclays lowered shares of Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 price target on the stock. in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $67.50.

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.