Centiva Capital LP Has $511,000 Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Centiva Capital LP grew its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 46.9% in the 4th quarter, HoldingsChannel reports. The fund owned 10,105 shares of the company’s stock after buying an additional 3,224 shares during the period. Centiva Capital LP’s holdings in Archer-Daniels-Midland were worth $511,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at $25,000. Raleigh Capital Management Inc. boosted its stake in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 357 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $28,000. ST Germain D J Co. Inc. lifted its holdings in shares of Archer-Daniels-Midland by 724.6% in the fourth 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 in the last quarter. Finally, Crews Bank & Trust purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $30,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $48.55 on Friday. The firm’s 50 day moving average is $47.01 and its 200 day moving average is $49.59. The stock has a market capitalization of $23.33 billion, a P/E ratio of 13.45, a PEG ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

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

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a $0.51 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.20%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 72.86%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $47.00 to $45.00 in a research note on Thursday. BMO Capital Markets reduced their target price 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. 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 report on Tuesday, April 15th. Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Morgan Stanley reduced their price target on shares of 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. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $52.50.

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.