Trust Investment Advisors Has $1.11 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Trust Investment Advisors trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,312 shares of the company’s stock after selling 2,548 shares during the quarter. Trust Investment Advisors’ holdings in Archer-Daniels-Midland were worth $1,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ADM. Norges Bank bought a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at about $525,111,000. Morgan Stanley increased its position in shares of Archer-Daniels-Midland by 41.8% during the third quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock worth $651,737,000 after acquiring an additional 2,547,232 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Archer-Daniels-Midland during the first quarter worth $105,741,000. Deutsche Bank AG lifted its position in Archer-Daniels-Midland by 73.7% in the 1st quarter. Deutsche Bank AG now owns 2,935,163 shares of the company’s stock valued at $233,815,000 after acquiring an additional 1,245,194 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Archer-Daniels-Midland by 27,778.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,009,197 shares of the company’s stock worth $76,114,000 after purchasing an additional 1,005,577 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays lowered Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 price target on the stock. in a report on Monday, January 22nd. TheStreet lowered shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Roth Capital downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. 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 note on Friday, January 26th. Finally, StockNews.com downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock traded up $1.30 during trading on Thursday, reaching $61.72. 2,968,863 shares of the company’s stock were exchanged, compared to its average volume of 6,078,111. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average price is $57.91 and its 200-day moving average price is $65.77. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The stock has a market capitalization of $30.97 billion, a PE ratio of 9.44 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.07). The company had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.79 billion. Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The business’s quarterly revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 EPS. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. 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 3.24%. Archer-Daniels-Midland’s payout ratio is 31.25%.

Archer-Daniels-Midland announced that its board 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 typically a sign that the company’s board believes its shares are undervalued.

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.