Cerity Partners LLC Has $1.45 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Cerity Partners LLC increased its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 33.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,112 shares of the company’s stock after buying an additional 5,016 shares during the period. Cerity Partners LLC’s holdings in Archer-Daniels-Midland were worth $1,452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nordea Investment Management AB increased its stake in Archer-Daniels-Midland by 12.8% in the fourth quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock valued at $88,534,000 after acquiring an additional 139,064 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Archer-Daniels-Midland by 3.0% in the third quarter. Canada Pension Plan Investment Board now owns 1,072,606 shares of the company’s stock valued at $80,896,000 after acquiring an additional 31,700 shares during the last quarter. Pathstone Family Office LLC increased its stake in Archer-Daniels-Midland by 543.2% in the third quarter. Pathstone Family Office LLC now owns 28,000 shares of the company’s stock valued at $2,112,000 after acquiring an additional 23,647 shares during the last quarter. Artemis Investment Management LLP increased its stake in Archer-Daniels-Midland by 12.3% in the fourth quarter. Artemis Investment Management LLP now owns 733,113 shares of the company’s stock valued at $52,946,000 after acquiring an additional 80,245 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in Archer-Daniels-Midland by 37.2% in the third quarter. Kestra Private Wealth Services LLC now owns 17,386 shares of the company’s stock valued at $1,311,000 after acquiring an additional 4,711 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ADM. Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group decreased their target price on shares of 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. The Goldman Sachs Group cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $67.00 in a research note on Monday, January 22nd. TheStreet cut shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Finally, Roth Capital cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock opened at $62.60 on Friday. The stock has a market cap of $31.41 billion, a price-to-earnings ratio of 9.78 and a beta of 0.77. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The company’s fifty day moving average is $58.28 and its 200 day moving average is $65.61.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.07). The firm had revenue of $22.98 billion during the quarter, compared to analyst estimates of $23.79 billion. Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. Archer-Daniels-Midland’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.93 EPS. Sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.5 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were issued a $0.50 dividend. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 annualized dividend and a yield of 3.19%. Archer-Daniels-Midland’s payout ratio is presently 31.25%.

Archer-Daniels-Midland declared that its board has initiated a stock repurchase plan on Tuesday, March 12th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland 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.