Semanteon Capital Management LP Buys New Position in Archer-Daniels-Midland Company (NYSE:ADM)

Semanteon Capital Management LP purchased a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,146 shares of the company's stock, valued at approximately $614,000.

Other large investors have also modified their holdings of the company. Royal London Asset Management Ltd. boosted its stake in Archer-Daniels-Midland by 3.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 300,895 shares of the company's stock worth $15,201,000 after purchasing an additional 11,183 shares during the period. FreeGulliver LLC raised its holdings in shares of Archer-Daniels-Midland by 133.3% in the fourth quarter. FreeGulliver LLC now owns 8,000 shares of the company's stock valued at $404,000 after buying an additional 4,571 shares during the last quarter. Xponance Inc. boosted its stake in shares of Archer-Daniels-Midland by 3.4% during the fourth quarter. Xponance Inc. now owns 133,947 shares of the company's stock worth $6,767,000 after buying an additional 4,427 shares during the period. Generali Asset Management SPA SGR purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter worth about $821,000. Finally, Horizon Investments LLC increased its position in Archer-Daniels-Midland by 3.5% in the 4th quarter. Horizon Investments LLC now owns 8,529 shares of the company's stock valued at $431,000 after acquiring an additional 285 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADM has been the topic of several recent research reports. BMO Capital Markets dropped their price objective on shares of 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. Bank of America cut their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a report on Tuesday, February 11th. Stephens lowered their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Barclays cut their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Monday, February 24th. Finally, Citigroup lifted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of "Hold" and a consensus price target of $53.63.

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Archer-Daniels-Midland Price Performance

NYSE ADM traded down $0.13 during mid-day trading on Monday, hitting $45.98. The stock had a trading volume of 2,285,278 shares, compared to its average volume of 3,441,857. The company has a 50 day simple moving average of $48.32 and a 200 day simple moving average of $52.58. The company has a market cap of $22.05 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. During the same quarter last year, the business posted $1.36 earnings per share. The business's revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. The ex-dividend date was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.44%. Archer-Daniels-Midland's dividend payout ratio is currently 56.51%.

Archer-Daniels-Midland announced that its board has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are 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.