Sequoia Financial Advisors LLC Boosts Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Sequoia Financial Advisors LLC boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 26.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,366 shares of the company’s stock after acquiring an additional 2,183 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Archer-Daniels-Midland were worth $524,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. West Financial Advisors LLC grew its stake in shares of Archer-Daniels-Midland by 10.1% in the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock worth $111,000 after buying an additional 201 shares in the last quarter. Hantz Financial Services Inc. grew its position in Archer-Daniels-Midland by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock worth $109,000 after acquiring an additional 210 shares in the last quarter. Invesco LLC increased its stake in Archer-Daniels-Midland by 1.3% during the fourth quarter. Invesco LLC now owns 16,242 shares of the company’s stock worth $821,000 after acquiring an additional 211 shares during the last quarter. Advisor OS LLC lifted its stake in shares of Archer-Daniels-Midland by 4.9% in the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock valued at $231,000 after purchasing an additional 212 shares during the last quarter. Finally, Advisory Alpha LLC boosted its holdings in shares of Archer-Daniels-Midland by 2.8% in the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock worth $402,000 after purchasing an additional 216 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on ADM shares. Bank of America dropped their price objective on shares of 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. Stephens cut their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. 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 for the company in a research note on Wednesday, February 5th. Citigroup increased 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, Morgan Stanley dropped 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, February 11th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.63.

Archer-Daniels-Midland Trading Up 1.8 %

Shares of NYSE ADM opened at $48.02 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 quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $48.58 and a two-hundred day simple moving average of $52.97. The firm has a market cap of $23.03 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. Analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.51 dividend. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.25%. Archer-Daniels-Midland’s payout ratio is 56.51%.

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

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.