Brookstone Capital Management Has $295,000 Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Brookstone Capital Management trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 38.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,697 shares of the company’s stock after selling 2,914 shares during the period. Brookstone Capital Management’s holdings in Archer-Daniels-Midland were worth $295,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ADM. Wellington Management Group LLP lifted its holdings in Archer-Daniels-Midland by 11.1% during the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock worth $1,106,830,000 after purchasing an additional 1,532,284 shares during the last quarter. Morgan Stanley lifted its holdings in Archer-Daniels-Midland by 41.8% during the 3rd quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock worth $651,737,000 after purchasing an additional 2,547,232 shares during the last quarter. First Trust Advisors LP lifted its holdings in Archer-Daniels-Midland by 3.5% during the 4th quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock worth $468,591,000 after purchasing an additional 217,459 shares during the last quarter. Norges Bank acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $420,457,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Archer-Daniels-Midland by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,043,862 shares of the company’s stock worth $292,050,000 after purchasing an additional 244,765 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of recent research reports. BMO Capital Markets lowered their price objective on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. Bank of America lowered their price objective on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Citigroup raised their price objective on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group lowered their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.50.

Archer-Daniels-Midland Trading Up 2.5 %

Shares of ADM stock opened at $62.14 on Wednesday. The firm has a market capitalization of $30.72 billion, a P/E ratio of 10.90 and a beta of 0.74. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $60.92 and its 200 day simple moving average is $61.11.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.35 by $0.11. The firm had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 EPS. As a group, sell-side analysts predict that Archer-Daniels-Midland Company will post 5.62 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Wednesday, May 15th. Archer-Daniels-Midland’s payout ratio is presently 35.09%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share repurchase plan on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of Archer-Daniels-Midland stock in a transaction dated Wednesday, May 22nd. The stock was 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 of the company’s stock, valued at approximately $519,545.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

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.