Graypoint LLC Purchases 674 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Graypoint LLC raised its position in Archer-Daniels-Midland Company (NYSE:ADM) by 23.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,550 shares of the company’s stock after purchasing an additional 674 shares during the period. Graypoint LLC’s holdings in Archer-Daniels-Midland were worth $256,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. PCA Investment Advisory Services Inc. bought a new stake in Archer-Daniels-Midland in the second quarter valued at approximately $25,000. Orion Capital Management LLC bought a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $28,000. Tompkins Financial Corp bought a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $28,000. Legacy Financial Group LLC bought a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $30,000. Finally, Operose Advisors LLC bought a new stake in shares of Archer-Daniels-Midland during the third quarter worth $30,000. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ADM shares. Citigroup increased their price objective on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Roth Mkm downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $98.00 to $66.00 in a research report on Monday, January 22nd. StockNews.com downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Argus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, The Goldman Sachs Group downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $60.52 on Tuesday. The firm has a 50-day moving average of $57.62 and a 200-day moving average of $65.92. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60. The stock has a market cap of $30.37 billion, a PE ratio of 9.46 and a beta of 0.77. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company 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 business posted $1.93 EPS. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

Archer-Daniels-Midland declared that its board has approved a share repurchase program on Tuesday, March 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.30%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, February 7th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 31.25%.

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.