Greenland Capital Management LP Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

Greenland Capital Management LP bought a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,448 shares of the company’s stock, valued at approximately $326,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADM. Norges Bank acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $333,521,000. Pacer Advisors Inc. grew its stake in Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock worth $524,531,000 after buying an additional 2,296,193 shares during the period. Wellington Management Group LLP raised its stake in shares of Archer-Daniels-Midland by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock valued at $1,068,626,000 after acquiring an additional 1,722,428 shares during the period. Invesco Ltd. lifted its holdings in shares of Archer-Daniels-Midland by 24.8% during the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock valued at $361,007,000 after acquiring an additional 1,420,625 shares in the last quarter. Finally, Amundi boosted its position in Archer-Daniels-Midland by 56.7% during the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock worth $123,340,000 after purchasing an additional 894,562 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADM. Stephens reduced their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley lowered their price objective on shares of 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. BMO Capital Markets reduced their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Barclays dropped their price target on shares of 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. Finally, Bank of America decreased their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $53.63.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $41.71 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a 1-year low of $41.17 and a 1-year high of $66.08. The firm has a fifty day moving average of $46.95 and a two-hundred day moving average of $51.33. The firm has a market cap of $20.01 billion, a P/E ratio of 11.55, a P/E/G ratio of 1.54 and a beta of 0.66.

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

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

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.89%. The ex-dividend date was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

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.