Metis Global Partners LLC Buys 2,361 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Metis Global Partners LLC lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,320 shares of the company’s stock after purchasing an additional 2,361 shares during the quarter. Metis Global Partners LLC’s holdings in Archer-Daniels-Midland were worth $3,056,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ADM. Orion Capital Management LLC bought a new position in Archer-Daniels-Midland in the third quarter valued at about $28,000. Tompkins Financial Corp bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Operose Advisors LLC bought a new position in shares of Archer-Daniels-Midland in the 3rd quarter worth about $30,000. Strengthening Families & Communities LLC grew its position in shares of Archer-Daniels-Midland by 37.3% during the 3rd quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock worth $48,000 after buying an additional 174 shares during the period. Finally, Emfo LLC bought a new position in Archer-Daniels-Midland during the fourth quarter worth $51,000. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ADM. TheStreet downgraded Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Roth Capital lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. StockNews.com downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Jefferies Financial Group decreased their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, March 13th. Finally, Roth Mkm cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their price target for the stock from $98.00 to $66.00 in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock traded up $1.02 during trading hours on Monday, reaching $60.19. 4,059,618 shares of the stock traded hands, compared to its average volume of 5,809,837. The company has a 50 day moving average price of $59.63 and a 200 day moving average price of $64.60. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year 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 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 (NYSE:ADM) last released its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The company had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. During the same period in the previous year, the business earned $2.09 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, equities research analysts expect that Archer-Daniels-Midland Company will post 5.58 earnings per share for the current fiscal year.

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

Archer-Daniels-Midland Dividend Announcement

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

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.