G&S Capital LLC Has $597,000 Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

G&S Capital LLC increased its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,823 shares of the company’s stock after purchasing an additional 344 shares during the period. G&S Capital LLC’s holdings in Archer-Daniels-Midland were worth $597,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new position in Archer-Daniels-Midland in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth approximately $26,000. Peterson Financial Group Inc. bought a new position in Archer-Daniels-Midland in the third quarter valued at approximately $28,000. Raleigh Capital Management Inc. raised its position in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 357 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter worth $28,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

ADM stock opened at $45.22 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. Archer-Daniels-Midland Company has a 52-week low of $45.01 and a 52-week high of $66.08. The company has a market capitalization of $21.64 billion, a P/E ratio of 12.53 and a beta of 0.72. The company has a fifty day moving average price of $50.29 and a 200-day moving average price of $55.01.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 EPS. As a group, equities analysts expect that Archer-Daniels-Midland Company will post 4.53 EPS for the current year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio is currently 55.40%.

Wall Street Analysts Forecast Growth

ADM has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price target 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. Barclays lowered their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Stephens reduced their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley decreased their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Bank of America dropped their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average price target of $55.11.

Archer-Daniels-Midland Company 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.