Sachetta LLC Takes $38,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

Sachetta LLC purchased a new stake in Archer-Daniels-Midland Company (NYSE:ADMFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 527 shares of the company’s stock, valued at approximately $38,000.

A number of other institutional investors have also modified their holdings of ADM. Orion Capital Management LLC purchased a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $28,000. Tompkins Financial Corp acquired a new stake in Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Operose Advisors LLC acquired a new stake in Archer-Daniels-Midland in the 3rd quarter valued at $30,000. EdgeRock Capital LLC acquired a new stake in Archer-Daniels-Midland in the 4th quarter valued at $35,000. Finally, Emfo LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $51,000. 78.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Jefferies Financial Group lowered their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. Citigroup upped their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Bank of America lowered their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. UBS Group reaffirmed a “neutral” rating and issued a $51.00 price target (down from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. Finally, TheStreet downgraded Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $67.50.

View Our Latest Analysis on ADM

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $61.91 on Thursday. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.88. The business has a 50 day simple moving average of $61.52 and a 200-day simple moving average of $63.73. The stock has a market capitalization of $30.61 billion, a PE ratio of 10.86 and a beta of 0.78.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.11. The firm had revenue of $21.85 billion during the quarter, compared to analysts’ expectations of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. Archer-Daniels-Midland’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.09 earnings per share. Equities analysts predict that Archer-Daniels-Midland Company will post 5.6 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.23%. The ex-dividend date is Wednesday, May 15th. Archer-Daniels-Midland’s payout ratio is 35.09%.

Archer-Daniels-Midland declared that its board has initiated a stock buyback program on Tuesday, March 12th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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