Caitlin John LLC Has $276,000 Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Caitlin John LLC cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,456 shares of the company’s stock after selling 997 shares during the period. Caitlin John LLC’s holdings in Archer-Daniels-Midland were worth $276,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in ADM. Lake Street Advisors Group LLC lifted its stake in Archer-Daniels-Midland by 4.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock valued at $240,000 after purchasing an additional 183 shares during the last quarter. OLD National Bancorp IN lifted its position in shares of Archer-Daniels-Midland by 0.9% in the third quarter. OLD National Bancorp IN now owns 20,648 shares of the company’s stock valued at $1,234,000 after buying an additional 189 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Archer-Daniels-Midland by 3.4% during the 3rd quarter. UMB Bank n.a. now owns 5,830 shares of the company’s stock worth $348,000 after acquiring an additional 194 shares during the period. NorthCrest Asset Manangement LLC raised its stake in Archer-Daniels-Midland by 4.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company’s stock valued at $306,000 after acquiring an additional 201 shares during the period. Finally, West Financial Advisors LLC lifted its holdings in Archer-Daniels-Midland by 10.1% during the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock valued at $111,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $46.44 on Thursday. The stock has a market capitalization of $22.22 billion, a PE ratio of 13.27 and a beta of 0.72. Archer-Daniels-Midland Company has a fifty-two week low of $45.14 and a fifty-two week high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The business has a fifty day moving average price of $51.24 and a two-hundred day moving average price of $55.69.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.07% and a return on equity of 10.96%. The business had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter in the prior year, the business posted $1.36 earnings per share. Archer-Daniels-Midland’s revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts predict that Archer-Daniels-Midland Company will post 4.72 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

Wall Street Analyst Weigh In

ADM has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday. Barclays dropped their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Finally, BMO Capital Markets decreased their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.33.

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.