Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. raised its position in Archer-Daniels-Midland Company (NYSE:ADM) by 37.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 77,695 shares of the company’s stock after buying an additional 21,324 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Archer-Daniels-Midland were worth $3,925,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth $26,000. Peterson Financial Group Inc. acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth $28,000. Raleigh Capital Management Inc. grew its stake in shares of Archer-Daniels-Midland by 179.4% during 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. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter worth $28,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ADM. Morgan Stanley lowered 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 research note on Tuesday. Barclays lowered their price target on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. BMO Capital Markets decreased their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $55.11.

Archer-Daniels-Midland Stock Down 2.6 %

ADM opened at $45.22 on Thursday. The firm has a 50 day moving average price of $50.42 and a 200 day moving average price of $55.08. The company has a market cap of $21.64 billion, a PE ratio of 12.53 and a beta of 0.72. Archer-Daniels-Midland Company has a 1 year low of $45.01 and a 1 year high of $66.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44.

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

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.51 per share. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is 55.40%.

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.