Archer-Daniels-Midland Company (NYSE:ADM) Stock Position Raised by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. grew its position in Archer-Daniels-Midland Company (NYSE:ADM) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,849 shares of the company’s stock after purchasing an additional 680 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Archer-Daniels-Midland were worth $567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its position in Archer-Daniels-Midland by 7.1% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,210 shares of the company’s stock worth $167,000 after buying an additional 146 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Archer-Daniels-Midland by 1.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,171 shares of the company’s stock worth $1,130,000 after purchasing an additional 146 shares during the last quarter. Jeppson Wealth Management LLC increased its stake in shares of Archer-Daniels-Midland by 3.3% during the 4th quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company’s stock worth $342,000 after purchasing an additional 151 shares during the last quarter. Carolinas Wealth Consulting LLC grew its stake in Archer-Daniels-Midland by 37.0% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company’s stock valued at $55,000 after buying an additional 164 shares during the last quarter. Finally, Plancorp LLC grew its stake in Archer-Daniels-Midland by 5.2% in the 1st quarter. Plancorp LLC now owns 3,308 shares of the company’s stock valued at $299,000 after buying an additional 164 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.4 %

Shares of NYSE ADM opened at $60.26 on Wednesday. The company’s 50 day simple moving average is $57.76 and its 200 day simple moving average is $65.81. 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 capitalization of $30.24 billion, a P/E ratio of 9.42 and a beta of 0.77. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30.

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

Archer-Daniels-Midland announced that its Board of Directors has approved a share repurchase program on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ADM. BMO Capital Markets lowered their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. Stifel Nicolaus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and reduced their price target for the company from $116.00 to $56.00 in a report on Monday, January 22nd. The Goldman Sachs Group lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. Argus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Roth Capital lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $67.50.

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.