Syon Capital LLC Purchases 1,699 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Syon Capital LLC grew its position in Archer-Daniels-Midland Company (NYSE:ADM) by 25.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,373 shares of the company’s stock after purchasing an additional 1,699 shares during the quarter. Syon Capital LLC’s holdings in Archer-Daniels-Midland were worth $605,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ADM. Nordea Investment Management AB increased its position in Archer-Daniels-Midland by 12.8% during the fourth quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock worth $88,534,000 after acquiring an additional 139,064 shares during the period. Quadrant Capital Group LLC increased its position in Archer-Daniels-Midland by 14.1% during the fourth quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock worth $271,000 after acquiring an additional 462 shares during the period. Madison Asset Management LLC increased its position in Archer-Daniels-Midland by 18.6% during the fourth quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock worth $27,728,000 after acquiring an additional 60,313 shares during the period. Cantor Fitzgerald Investment Advisors L.P. bought a new position in Archer-Daniels-Midland during the fourth quarter worth $1,942,000. Finally, Victory Capital Management Inc. increased its position in Archer-Daniels-Midland by 50.3% during the fourth quarter. Victory Capital Management Inc. now owns 414,643 shares of the company’s stock worth $29,946,000 after acquiring an additional 138,806 shares during the period. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ADM shares. Bank of America dropped their target price on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. BMO Capital Markets lowered their price target on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a report on Wednesday, March 13th. Jefferies Financial Group lowered their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, March 13th. Finally, Citigroup boosted their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $67.50.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the sale, the insider now directly owns 8,555 shares of the company’s stock, valued at approximately $519,545.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Price Performance

NYSE ADM traded down $1.23 on Friday, hitting $59.50. 2,623,931 shares of the company were exchanged, compared to its average volume of 3,384,427. The firm has a 50 day moving average of $61.22 and a two-hundred day moving average of $62.25. The company has a market cap of $29.42 billion, a P/E ratio of 10.44 and a beta of 0.75. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 EPS. On average, equities analysts predict that Archer-Daniels-Midland Company will post 5.61 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.00 annualized dividend and a yield of 3.36%. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 12th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits 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 management believes its stock is undervalued.

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.