BankPlus Trust Department Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

BankPlus Trust Department purchased a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,492 shares of the company’s stock, valued at approximately $176,000.

Several other hedge funds also recently modified their holdings of the company. Skylands Capital LLC increased its position in shares of Archer-Daniels-Midland by 46.2% during the 4th quarter. Skylands Capital LLC now owns 78,125 shares of the company’s stock valued at $3,947,000 after purchasing an additional 24,675 shares during the period. IFP Advisors Inc increased its position in shares of Archer-Daniels-Midland by 78.2% during the 4th quarter. IFP Advisors Inc now owns 13,172 shares of the company’s stock valued at $666,000 after purchasing an additional 5,779 shares during the period. Hi Line Capital Management LLC acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at $2,308,000. Union Bancaire Privee UBP SA acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at $45,000. Finally, Sigma Planning Corp boosted its stake in shares of Archer-Daniels-Midland by 11.1% during the 4th quarter. Sigma Planning Corp now owns 25,603 shares of the company’s stock worth $1,293,000 after acquiring an additional 2,548 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Up 0.4 %

Archer-Daniels-Midland stock opened at $48.41 on Tuesday. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The firm has a market cap of $23.22 billion, a PE ratio of 13.41, a P/E/G ratio of 1.54 and a beta of 0.72. The firm’s 50 day moving average price is $49.40 and its two-hundred day moving average price is $54.23.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same period 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, research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.51 dividend. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.21%. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Archer-Daniels-Midland announced that its board has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Stephens reduced their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. 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. Barclays reduced their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday. Bank of America reduced their price objective on 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 reduced their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $54.89.

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.