FreeGulliver LLC Acquires 4,571 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

FreeGulliver LLC increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 133.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,000 shares of the company’s stock after purchasing an additional 4,571 shares during the period. FreeGulliver LLC’s holdings in Archer-Daniels-Midland were worth $404,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. West Financial Advisors LLC lifted its holdings in shares of Archer-Daniels-Midland by 10.1% during the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock valued at $111,000 after purchasing an additional 201 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Archer-Daniels-Midland by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock valued at $109,000 after purchasing an additional 210 shares in the last quarter. Invesco LLC lifted its holdings in shares of Archer-Daniels-Midland by 1.3% during the 4th quarter. Invesco LLC now owns 16,242 shares of the company’s stock valued at $821,000 after purchasing an additional 211 shares in the last quarter. Advisor OS LLC lifted its holdings in shares of Archer-Daniels-Midland by 4.9% during the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock valued at $231,000 after purchasing an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC lifted its holdings in shares of Archer-Daniels-Midland by 2.8% during the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock valued at $402,000 after purchasing an additional 216 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 0.6 %

ADM stock opened at $47.70 on Wednesday. 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 firm has a market capitalization of $22.88 billion, a PE ratio of 13.21, a PEG ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08. The business’s 50 day simple moving average is $48.55 and its 200 day simple moving average is $52.88.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. As a group, research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.28%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is currently 56.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ADM shares. Stephens cut their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Citigroup boosted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Barclays cut their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. BMO Capital Markets cut their target price 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. Finally, Bank of America lowered their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 11th. Two 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 has an average rating of “Hold” and a consensus target price of $53.63.

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.