Stonebridge Financial Group LLC Invests $28,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Stonebridge Financial Group LLC purchased a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, Holdings Channel reports. The fund purchased 558 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Archer-Daniels-Midland during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at $26,000. Peterson Financial Group Inc. bought a new stake in Archer-Daniels-Midland during the 3rd quarter worth $28,000. Raleigh Capital Management Inc. raised its position in Archer-Daniels-Midland by 179.4% in the fourth 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 last quarter. Finally, ST Germain D J Co. Inc. boosted its stake in shares of 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 purchasing an additional 500 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $46.12 on Friday. The firm has a market cap of $22.07 billion, a PE ratio of 12.77 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week 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. The business’s 50 day moving average price is $50.16 and its two-hundred day moving average price is $54.95.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate 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 business’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. On average, equities analysts anticipate that Archer-Daniels-Midland Company will post 4.53 EPS for the current year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share repurchase program 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. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 55.40%.

Analyst Ratings Changes

ADM has been the subject of several recent research reports. Barclays lowered 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. Citigroup raised their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Morgan Stanley decreased their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday. Stephens cut their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Bank of America lowered their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $55.11.

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.