Archer-Daniels-Midland Company (NYSE:ADM) Stock Position Decreased by Flputnam Investment Management Co.

Flputnam Investment Management Co. cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 55.6% during the fourth quarter, Holdings Channel reports. The firm owned 9,675 shares of the company’s stock after selling 12,121 shares during the quarter. Flputnam Investment Management Co.’s holdings in Archer-Daniels-Midland were worth $489,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ADM. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland during the third quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $28,000. Raleigh Capital Management Inc. boosted its stake in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after purchasing an additional 357 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in Archer-Daniels-Midland during the 4th quarter valued at $28,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $46.60 on Tuesday. The firm has a market cap of $22.35 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 1.54 and a beta of 0.72. The company’s fifty day moving average is $49.09 and its 200-day moving average is $53.83. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.36 earnings per share. Equities analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 56.51%.

Analyst Ratings Changes

ADM has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Bank of America dropped their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Barclays cut their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. Finally, Stephens lowered their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $54.89.

About Archer-Daniels-Midland

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.