Inceptionr LLC Acquires 961 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Inceptionr LLC lifted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.0% during the 4th quarter, Holdings Channel reports. The firm owned 25,090 shares of the company’s stock after purchasing an additional 961 shares during the quarter. Inceptionr LLC’s holdings in Archer-Daniels-Midland were worth $1,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ADM. Harbor Capital Advisors Inc. bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $26,000. Peterson Financial Group Inc. bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $28,000. Raleigh Capital Management Inc. boosted its position 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 valued at $28,000 after purchasing an additional 357 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at about $28,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock opened at $45.82 on Thursday. The company has a market cap of $21.98 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week high of $66.08. The business has a 50 day moving average price of $48.90 and a 200-day moving average price of $53.69. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping 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 return on equity of 10.44% and a net margin of 2.10%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 earnings per share. Equities analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors 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 4.45%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

Archer-Daniels-Midland announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ADM. BMO Capital Markets dropped their price target 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. Stephens dropped their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Bank of America dropped their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 11th. Finally, Barclays dropped their price target 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. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $54.89.

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.