Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,420 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,667 shares of the company’s stock after selling 2,420 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Archer-Daniels-Midland were worth $5,136,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. increased its stake in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after buying an additional 357 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. increased its stake in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after buying an additional 500 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 0.7 %

Archer-Daniels-Midland stock opened at $46.21 on Friday. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08. The firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 1.54 and a beta of 0.67. 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 50 day simple moving average of $48.32 and a 200 day simple moving average of $52.64.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same period in the previous year, the business earned $1.36 EPS. Archer-Daniels-Midland’s revenue was down 6.4% compared to the same quarter last year. On average, analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.42%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ADM. 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 note on Tuesday, February 11th. Stephens decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. BMO Capital Markets decreased their price target on shares of 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. Barclays decreased their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Finally, Citigroup raised their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus target price of $53.63.

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.