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

JT Stratford LLC raised its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 40.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,725 shares of the company's stock after buying an additional 10,850 shares during the quarter. JT Stratford LLC's holdings in Archer-Daniels-Midland were worth $1,906,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Fairway Wealth LLC acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $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 purchasing an additional 357 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $28,000. Crews Bank & Trust acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $30,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at approximately $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Down 3.7%

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 stock's fifty day simple moving average is $47.28 and its 200 day simple moving average is $49.24. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock has a market cap of $23.21 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating 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 business had revenue of $20.18 billion for the quarter, compared to analysts' expectations of $22.05 billion. During the same quarter in the prior year, the business earned $1.46 EPS. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. As a group, research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is 72.86%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays decreased their price objective 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. Morgan Stanley reduced their price target on 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. BMO Capital Markets reduced their price target 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. Stephens reduced their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Citigroup reduced their price target 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 analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $52.00.

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.

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.