Cypress Capital Group Cuts Position in Archer-Daniels-Midland Company (NYSE:ADM)

Cypress Capital Group decreased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 50.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,509 shares of the company’s stock after selling 9,671 shares during the quarter. Cypress Capital Group’s holdings in Archer-Daniels-Midland were worth $480,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in shares of Archer-Daniels-Midland in the third quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Archer-Daniels-Midland in the third quarter valued at $26,000. Peterson Financial Group Inc. purchased a new position in shares of Archer-Daniels-Midland in the third quarter valued at $28,000. Raleigh Capital Management Inc. increased its position in shares of Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after buying an additional 357 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup raised their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Bank of America decreased their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 11th. Stephens decreased their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Barclays decreased their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $54.89.

Archer-Daniels-Midland Stock Down 0.0 %

Shares of NYSE:ADM opened at $45.82 on Thursday. The stock’s 50-day moving average price is $48.90 and its two-hundred day moving average price is $53.69. The company has a current ratio of 1.39, a quick ratio of 0.81 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. The firm has a market cap of $21.98 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.54 and a beta of 0.67.

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

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.45%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

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

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.