Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by CoreCap Advisors LLC

CoreCap Advisors LLC grew its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,601 shares of the company’s stock after purchasing an additional 392 shares during the period. CoreCap Advisors LLC’s holdings in Archer-Daniels-Midland were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ADM. Cetera Investment Advisers increased its holdings in shares of Archer-Daniels-Midland by 71.9% in the first quarter. Cetera Investment Advisers now owns 18,699 shares of the company’s stock valued at $1,688,000 after purchasing an additional 7,821 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Archer-Daniels-Midland during the first quarter worth $277,000. Brighton Jones LLC acquired a new position in Archer-Daniels-Midland during the first quarter worth $226,000. Candriam Luxembourg S.C.A. grew its holdings in Archer-Daniels-Midland by 22.0% during the first quarter. Candriam Luxembourg S.C.A. now owns 31,004 shares of the company’s stock worth $2,798,000 after acquiring an additional 5,586 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in Archer-Daniels-Midland by 2.1% during the first quarter. Baird Financial Group Inc. now owns 459,907 shares of the company’s stock worth $41,512,000 after acquiring an additional 9,327 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM opened at $62.99 on Thursday. The firm has a market capitalization of $32.12 billion, a PE ratio of 9.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95. The business has a 50-day moving average of $56.01 and a two-hundred day moving average of $67.46. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.07). Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The firm had revenue of $22.98 billion for the quarter, compared to analyst estimates of $23.79 billion. During the same quarter in the prior year, the company earned $1.93 earnings per share. The business’s revenue was down 11.4% compared to the same quarter last year. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 5.58 earnings per share for the current year.

Archer-Daniels-Midland announced that its board has initiated a share repurchase plan on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.18%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 31.25%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Roth Capital lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. The Goldman Sachs Group downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Jefferies Financial Group decreased their target price on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, March 13th. Finally, UBS Group reiterated a “neutral” rating and set a $51.00 target price (down from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $67.00.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.