Archer-Daniels-Midland Company (NYSE:ADM) Holdings Decreased by Flputnam Investment Management Co.

Flputnam Investment Management Co. cut its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 55.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,675 shares of the company’s stock after selling 12,121 shares during the quarter. Flputnam Investment Management Co.’s holdings in Archer-Daniels-Midland were worth $489,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Argyle Capital Management LLC boosted its holdings in shares of Archer-Daniels-Midland by 16.7% in the 4th quarter. Argyle Capital Management LLC now owns 14,525 shares of the company’s stock valued at $734,000 after buying an additional 2,077 shares during the period. Proficio Capital Partners LLC acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $8,677,000. Advisor OS LLC grew its holdings in shares of Archer-Daniels-Midland by 4.9% during the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock valued at $231,000 after purchasing an additional 212 shares during the last quarter. FourThought Financial Partners LLC acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $224,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Archer-Daniels-Midland by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,092,552 shares of the company’s stock worth $156,236,000 after purchasing an additional 46,901 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 1.3 %

Shares of NYSE:ADM opened at $46.60 on Tuesday. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a market cap of $22.35 billion, a P/E ratio of 12.91, a P/E/G ratio of 1.54 and a beta of 0.72. The company has a 50 day moving average of $49.09 and a 200-day moving average of $53.83.

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, beating 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 during the quarter, compared to analyst estimates of $22.77 billion. During the same period last year, the company posted $1.36 EPS. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, 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 buyback program 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. Shares repurchase programs are generally a sign 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. Shareholders of record on Tuesday, February 18th will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.38%. Archer-Daniels-Midland’s payout ratio is 56.51%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ADM. BMO Capital Markets lowered their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley lowered their price target 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. Stephens cut their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Citigroup upped their target price 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, Bank of America cut their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and an average price target of $54.89.

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.