International Assets Investment Management LLC Purchases 194,627 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

International Assets Investment Management LLC grew its position in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 4,646.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 198,816 shares of the company’s stock after acquiring an additional 194,627 shares during the quarter. Archer-Daniels-Midland accounts for 0.4% of International Assets Investment Management LLC’s holdings, making the stock its 22nd biggest position. International Assets Investment Management LLC’s holdings in Archer-Daniels-Midland were worth $143,580,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Orion Capital Management LLC bought a new position in Archer-Daniels-Midland in the third quarter valued at $28,000. Tompkins Financial Corp bought a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $28,000. Legacy Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland in the third quarter valued at about $30,000. Operose Advisors LLC bought a new stake in Archer-Daniels-Midland during the third quarter worth about $30,000. Finally, Strengthening Families & Communities LLC boosted its position in Archer-Daniels-Midland by 37.3% during the third quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock valued at $48,000 after purchasing an additional 174 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock opened at $59.36 on Friday. The company has a quick ratio of 0.95, a current ratio of 6.35 and a debt-to-equity ratio of 0.35. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The company has a 50-day simple moving average of $59.52 and a two-hundred day simple moving average of $64.85. The stock has a market capitalization of $29.78 billion, a price-to-earnings ratio of 10.41 and a beta of 0.78.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.11. The firm had revenue of $21.85 billion during the quarter, compared to analysts’ expectations of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.09 EPS. Analysts forecast that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 3.37%. Archer-Daniels-Midland’s payout ratio is 35.09%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share buyback program on Tuesday, March 12th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to reacquire up to 6.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. StockNews.com cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Robert W. Baird lowered shares of Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $96.00 to $61.00 in a research note on Monday, January 22nd. Bank of America cut 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 note on Thursday, March 14th. Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Roth Capital downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.50.

Read Our Latest Research Report on Archer-Daniels-Midland

About Archer-Daniels-Midland

(Free Report)

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.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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