Strategic Financial Concepts LLC Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

Strategic Financial Concepts LLC bought a new stake in Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, Holdings Channel reports. The institutional investor bought 19,900 shares of the company’s stock, valued at approximately $1,005,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC boosted its holdings in shares of Archer-Daniels-Midland by 12.7% in the 3rd quarter. CWM LLC now owns 28,341 shares of the company’s stock valued at $1,693,000 after buying an additional 3,190 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Archer-Daniels-Midland by 225.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,550 shares of the company’s stock valued at $212,000 after acquiring an additional 2,460 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Archer-Daniels-Midland by 300.8% during the third quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the company’s stock worth $573,000 after purchasing an additional 7,203 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of Archer-Daniels-Midland by 24.8% in the 3rd quarter. Wesbanco Bank Inc. now owns 5,027 shares of the company’s stock valued at $300,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. grew its stake in Archer-Daniels-Midland by 35.8% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 3,218 shares of the company’s stock worth $192,000 after buying an additional 848 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ADM shares. BMO Capital Markets reduced 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 note on Wednesday, February 5th. Morgan Stanley decreased their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday. Bank of America reduced their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday. Citigroup raised their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Barclays reduced their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $55.11.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $46.47 on Wednesday. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $50.56 and a 200-day simple moving average of $55.21. The company has a market cap of $22.24 billion, a price-to-earnings ratio of 12.87 and a beta of 0.72. Archer-Daniels-Midland Company has a 12-month low of $45.01 and a 12-month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter last year, the company earned $1.36 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities analysts forecast that Archer-Daniels-Midland Company will post 4.53 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.39%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

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

About Archer-Daniels-Midland

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.