Jacobs Levy Equity Management Inc. Acquires 727,675 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Jacobs Levy Equity Management Inc. boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 20.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,212,681 shares of the company’s stock after acquiring an additional 727,675 shares during the quarter. Archer-Daniels-Midland accounts for about 0.8% of Jacobs Levy Equity Management Inc.’s portfolio, making the stock its 25th largest position. Jacobs Levy Equity Management Inc. owned 0.88% of Archer-Daniels-Midland worth $212,825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in Archer-Daniels-Midland in the fourth quarter valued at $25,000. Raleigh Capital Management Inc. grew its position in shares of Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after buying an additional 357 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $28,000. ST Germain D J Co. Inc. raised its position in shares of Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after acquiring an additional 500 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter worth approximately $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADM. Barclays decreased their target price on shares of 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. Citigroup lowered their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Stephens cut their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets lowered their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Finally, Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their target price for the company from $47.00 to $45.00 in a research report on Thursday. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.50.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock opened at $48.55 on Friday. The business has a 50-day simple moving average of $47.01 and a 200 day simple moving average of $49.54. The firm has a market capitalization of $23.33 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.54 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a one year low of $40.98 and a one year high of $66.08.

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

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland’s payout ratio is presently 72.86%.

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.