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

Trust Investment Advisors decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 14.3% in the 4th quarter, HoldingsChannel reports. The fund owned 15,312 shares of the company’s stock after selling 2,548 shares during the period. Trust Investment Advisors’ holdings in Archer-Daniels-Midland were worth $1,106,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Archer-Daniels-Midland during the 4th quarter valued at $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 in the 1st quarter worth about $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% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,009,197 shares of the company’s stock valued at $76,114,000 after purchasing an additional 1,005,577 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM traded up $1.30 during mid-day trading on Thursday, reaching $61.72. The company had a trading volume of 2,968,863 shares, compared to its average volume of 6,078,111. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $57.91 and its 200-day moving average price is $65.77. The firm has a market cap of $30.97 billion, a price-to-earnings ratio of 9.44 and a beta of 0.77.

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

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were issued a $0.50 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is 31.25%.

Archer-Daniels-Midland declared that its board has approved a share buyback program on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ADM shares. StockNews.com lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Roth Mkm cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $98.00 to $66.00 in a research note on Monday, January 22nd. TheStreet lowered shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Roth Capital lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $51.00 price objective (down from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $67.50.

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.