Livforsakringsbolaget Skandia Omsesidigt Increases Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Livforsakringsbolaget Skandia Omsesidigt increased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,240 shares of the company’s stock after buying an additional 427 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Archer-Daniels-Midland were worth $3,555,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ADM. Cetera Investment Advisers lifted its position in shares of Archer-Daniels-Midland by 71.9% in the first quarter. Cetera Investment Advisers now owns 18,699 shares of the company’s stock worth $1,688,000 after buying an additional 7,821 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Archer-Daniels-Midland in the first quarter worth about $277,000. Brighton Jones LLC purchased a new stake in shares of Archer-Daniels-Midland in the first quarter worth about $226,000. Candriam Luxembourg S.C.A. lifted its position in shares of Archer-Daniels-Midland by 22.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 31,004 shares of the company’s stock worth $2,798,000 after buying an additional 5,586 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Archer-Daniels-Midland by 2.1% in the first quarter. Baird Financial Group Inc. now owns 459,907 shares of the company’s stock worth $41,512,000 after buying an additional 9,327 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on ADM. Jefferies Financial Group decreased their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, March 13th. UBS Group restated a “neutral” rating and set a $51.00 price objective (down from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. Barclays downgraded Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 price objective on the stock. in a research report on Monday, January 22nd. The Goldman Sachs Group downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $90.00 to $67.00 in a research report on Monday, January 22nd. Finally, Stifel Nicolaus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating and decreased their price objective for the company from $116.00 to $56.00 in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Trading Up 0.2 %

NYSE:ADM traded up $0.15 during midday trading on Wednesday, hitting $60.42. The stock had a trading volume of 2,399,528 shares, compared to its average volume of 6,120,128. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30. The company has a market capitalization of $30.32 billion, a price-to-earnings ratio of 9.44 and a beta of 0.77. The stock has a 50-day moving average of $57.76 and a 200 day moving average of $65.81. 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 (NYSE:ADM) last announced its quarterly earnings data 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). Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The firm had revenue of $22.98 billion during the quarter, compared to the consensus estimate of $23.79 billion. During the same period last year, the company earned $1.93 EPS. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th were given a dividend of $0.50 per share. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 3.31%. The ex-dividend date was Wednesday, February 7th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 31.25%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.