G&S Capital LLC Trims Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

G&S Capital LLC cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 39.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,037 shares of the company’s stock after selling 7,084 shares during the quarter. G&S Capital LLC’s holdings in Archer-Daniels-Midland were worth $693,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jeppson Wealth Management LLC lifted its stake in shares of Archer-Daniels-Midland by 3.3% during the fourth quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company’s stock worth $342,000 after buying an additional 151 shares during the period. NBC Securities Inc. lifted its position in Archer-Daniels-Midland by 9.6% during the first quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock valued at $114,000 after purchasing an additional 159 shares during the period. CHICAGO TRUST Co NA lifted its position in Archer-Daniels-Midland by 4.4% during the first quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock valued at $264,000 after purchasing an additional 177 shares during the period. Modera Wealth Management LLC lifted its position in Archer-Daniels-Midland by 3.9% during the third quarter. Modera Wealth Management LLC now owns 4,883 shares of the company’s stock valued at $368,000 after purchasing an additional 182 shares during the period. Finally, Signaturefd LLC lifted its position in Archer-Daniels-Midland by 1.0% during the fourth quarter. Signaturefd LLC now owns 18,051 shares of the company’s stock valued at $1,304,000 after purchasing an additional 183 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Up 0.0 %

ADM stock opened at $60.67 on Thursday. The stock has a market capitalization of $30.00 billion, a P/E ratio of 10.64 and a beta of 0.75. The firm has a 50-day simple moving average of $61.01 and a 200-day simple moving average of $61.52. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. The business had revenue of $21.85 billion during the quarter, compared to analysts’ expectations of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.09 earnings per share. Equities analysts forecast that Archer-Daniels-Midland Company will post 5.62 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 3.30%. Archer-Daniels-Midland’s payout ratio is presently 35.09%.

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

Analyst Ratings Changes

A number of research firms recently issued reports on ADM. Bank of America decreased their target price on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Citigroup boosted their target price on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Jefferies Financial Group cut their price objective on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. Finally, BMO Capital Markets cut their price objective on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus price target of $67.50.

Insider Buying and Selling

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the transaction, the insider now directly owns 8,555 shares in the company, valued at $519,545.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

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.