Jacobs Levy Equity Management Inc. Buys 727,675 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Jacobs Levy Equity Management Inc. lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 20.9% during the fourth quarter, Holdings Channel reports. The firm owned 4,212,681 shares of the company’s stock after acquiring an additional 727,675 shares during the period. Archer-Daniels-Midland makes up 0.8% of Jacobs Levy Equity Management Inc.’s holdings, making the stock its 25th largest holding. Jacobs Levy Equity Management Inc.’s holdings in Archer-Daniels-Midland were worth $212,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. lifted its holdings in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares during the period. Stonebridge Financial Group LLC purchased a new position in Archer-Daniels-Midland in the fourth quarter worth $28,000. ST Germain D J Co. Inc. grew its stake in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after purchasing an additional 500 shares during the period. Finally, Crews Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $30,000. 78.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ADM. Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $47.00 to $45.00 in a research report on Thursday. Stephens decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. BMO Capital Markets dropped their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley decreased their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Finally, Citigroup dropped their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $52.50.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $48.55 on Friday. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08. The stock’s 50-day simple moving average is $47.01 and its 200 day simple moving average is $49.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The stock has a market capitalization of $23.33 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69.

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

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.20%. Archer-Daniels-Midland’s payout ratio is currently 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.