Mizuho Securities USA LLC Grows Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Mizuho Securities USA LLC grew its position in Archer-Daniels-Midland Company (NYSE:ADM) by 46.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,317 shares of the company’s stock after buying an additional 14,312 shares during the quarter. Mizuho Securities USA LLC’s holdings in Archer-Daniels-Midland were worth $2,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in Archer-Daniels-Midland in the fourth quarter worth about $25,000. Raleigh Capital Management Inc. lifted 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 worth $28,000 after purchasing an additional 357 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $28,000. ST Germain D J Co. Inc. increased its holdings in 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 valued at $29,000 after buying an additional 500 shares during the period. Finally, Crews Bank & Trust bought a new position in Archer-Daniels-Midland in the fourth quarter worth approximately $30,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.3 %

Shares of Archer-Daniels-Midland stock opened at $45.96 on Tuesday. The firm’s 50 day simple moving average is $48.20 and its two-hundred day simple moving average is $52.48. The firm has a market capitalization of $22.05 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 12-month low of $44.92 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 issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter in the prior year, the company earned $1.36 EPS. Archer-Daniels-Midland’s quarterly revenue was down 6.4% on a year-over-year basis. Analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its board has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.44%. Archer-Daniels-Midland’s payout ratio is currently 56.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ADM. Barclays cut their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Citigroup lifted 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. Stephens lowered their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Bank of America reduced their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. Finally, Morgan Stanley cut their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.