JT Stratford LLC Has $1.91 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

JT Stratford LLC lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 40.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,725 shares of the company’s stock after purchasing an additional 10,850 shares during the quarter. JT Stratford LLC’s holdings in Archer-Daniels-Midland were worth $1,906,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth $25,000. Raleigh Capital Management Inc. grew its holdings in shares of Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after purchasing an additional 357 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth $28,000. Crews Bank & Trust acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth $30,000. Finally, CoreFirst Bank & Trust acquired a new stake in Archer-Daniels-Midland in the fourth quarter valued at about $30,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BMO Capital Markets reduced their price objective on 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. Barclays dropped their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. UBS Group upgraded Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and increased their target price for the company from $55.00 to $60.00 in a research report on Monday. Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Citigroup dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $52.00.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $48.32 on Thursday. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The company has a market capitalization of $23.21 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The business has a 50-day moving average of $47.28 and a 200-day moving average of $49.24.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate 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 business had revenue of $20.18 billion during the quarter, compared to analysts’ expectations of $22.05 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.22%. Archer-Daniels-Midland’s dividend payout ratio is currently 72.86%.

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.