Caitlin John LLC Sells 997 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Caitlin John LLC lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,456 shares of the company’s stock after selling 997 shares during the quarter. Caitlin John LLC’s holdings in Archer-Daniels-Midland were worth $276,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ADM. Park Avenue Securities LLC boosted its stake in shares of Archer-Daniels-Midland by 3.9% during the third quarter. Park Avenue Securities LLC now owns 8,272 shares of the company’s stock valued at $494,000 after purchasing an additional 311 shares in the last quarter. Czech National Bank boosted its position in Archer-Daniels-Midland by 3.4% during the 3rd quarter. Czech National Bank now owns 97,402 shares of the company’s stock worth $5,819,000 after buying an additional 3,182 shares during the period. Atomi Financial Group Inc. grew its holdings in Archer-Daniels-Midland by 3.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 6,591 shares of the company’s stock worth $394,000 after acquiring an additional 210 shares during the last quarter. Sage Capital Advisors llc acquired a new position in Archer-Daniels-Midland in the 3rd quarter valued at approximately $7,549,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Archer-Daniels-Midland during the third quarter worth $112,000. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Down 2.2 %

Archer-Daniels-Midland stock opened at $46.44 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $22.22 billion, a PE ratio of 13.27 and a beta of 0.72. The firm’s fifty day moving average is $51.24 and its 200 day moving average is $55.69. Archer-Daniels-Midland Company has a 12-month low of $45.14 and a 12-month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.96% and a net margin of 2.07%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 EPS. As a group, sell-side analysts predict that Archer-Daniels-Midland Company will post 4.72 EPS for the current fiscal year.

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

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a $0.51 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.39%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Stephens lowered their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday. Barclays lowered their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $63.00 to $54.00 in a research report on Tuesday, January 14th. Citigroup boosted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley decreased their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.33.

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.