Kinloch Capital LLC Raises Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Kinloch Capital LLC boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,185 shares of the company’s stock after acquiring an additional 686 shares during the period. Kinloch Capital LLC’s holdings in Archer-Daniels-Midland were worth $2,232,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ADM. Barclays PLC increased its holdings in Archer-Daniels-Midland by 52.0% during the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock worth $89,738,000 after acquiring an additional 514,005 shares during the period. Park Avenue Securities LLC raised its position in shares of Archer-Daniels-Midland by 9.0% in the fourth quarter. Park Avenue Securities LLC now owns 9,016 shares of the company’s stock worth $455,000 after buying an additional 744 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Archer-Daniels-Midland by 11.6% in the fourth quarter. Merit Financial Group LLC now owns 5,344 shares of the company’s stock worth $270,000 after buying an additional 555 shares in the last quarter. HB Wealth Management LLC raised its position in shares of Archer-Daniels-Midland by 2.2% in the fourth quarter. HB Wealth Management LLC now owns 35,359 shares of the company’s stock worth $1,786,000 after buying an additional 768 shares in the last quarter. Finally, Uncommon Cents Investing LLC grew its holdings in shares of Archer-Daniels-Midland by 1.9% during the fourth quarter. Uncommon Cents Investing LLC now owns 91,930 shares of the company’s stock worth $4,644,000 after purchasing an additional 1,735 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ADM shares. Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. UBS Group upgraded shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $60.00 in a research report on Monday. Barclays lowered their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Finally, Citigroup cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $52.00.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock opened at $50.00 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The business’s 50 day simple moving average is $47.20 and its two-hundred day simple moving average is $49.24. The stock has a market capitalization of $24.02 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a one year low of $40.98 and a one year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion during the quarter, compared to analysts’ expectations of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.46 EPS. Analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.51 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.08%. Archer-Daniels-Midland’s dividend payout ratio is presently 72.86%.

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.