Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC raised its position in Archer-Daniels-Midland Company (NYSE:ADM) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,320 shares of the company’s stock after buying an additional 2,361 shares during the period. Metis Global Partners LLC’s holdings in Archer-Daniels-Midland were worth $3,056,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ADM. Northern Trust Corp increased its position in shares of Archer-Daniels-Midland by 1.9% during the third quarter. Northern Trust Corp now owns 13,303,791 shares of the company’s stock worth $1,003,372,000 after purchasing an additional 252,486 shares in the last quarter. Morgan Stanley raised its position in shares of Archer-Daniels-Midland by 41.8% in the third quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock valued at $651,737,000 after buying an additional 2,547,232 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Archer-Daniels-Midland by 5.6% during the third quarter. Ameriprise Financial Inc. now owns 3,696,394 shares of the company’s stock worth $278,779,000 after acquiring an additional 195,255 shares during the last quarter. AQR Capital Management LLC grew its stake in Archer-Daniels-Midland by 31.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,864,305 shares of the company’s stock valued at $216,026,000 after acquiring an additional 683,984 shares in the last quarter. Finally, LSV Asset Management raised its holdings in Archer-Daniels-Midland by 6.8% in the 4th quarter. LSV Asset Management now owns 2,557,441 shares of the company’s stock valued at $184,698,000 after acquiring an additional 162,145 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 1.7 %

NYSE:ADM traded up $1.02 on Monday, reaching $60.19. 4,059,618 shares of the company’s stock were exchanged, compared to its average volume of 5,809,837. The firm has a market capitalization of $29.76 billion, a price-to-earnings ratio of 10.38 and a beta of 0.78. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $59.63 and a 200-day moving average of $64.60.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.11. The firm had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 EPS. As a group, analysts expect that Archer-Daniels-Midland Company will post 5.58 earnings per share for the current year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.32%. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ADM. Roth Mkm lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their price target for the company from $98.00 to $66.00 in a research report on Monday, January 22nd. Argus cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Jefferies Financial Group cut their price objective on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. The Goldman Sachs Group lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their target price for the company from $90.00 to $67.00 in a report on Monday, January 22nd. Finally, StockNews.com lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and an average target price 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.