Kestra Private Wealth Services LLC Grows Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Kestra Private Wealth Services LLC increased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,850 shares of the company’s stock after acquiring an additional 464 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Archer-Daniels-Midland were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in ADM. Jeppson Wealth Management LLC lifted its holdings in Archer-Daniels-Midland by 3.3% in the fourth quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company’s stock valued at $342,000 after acquiring an additional 151 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Archer-Daniels-Midland by 1.0% in the third quarter. Park Avenue Securities LLC now owns 16,850 shares of the company’s stock valued at $1,271,000 after purchasing an additional 172 shares during the period. Strengthening Families & Communities LLC increased its stake in Archer-Daniels-Midland by 37.3% during the 3rd quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock worth $48,000 after buying an additional 174 shares during the period. Modera Wealth Management LLC lifted its holdings in Archer-Daniels-Midland by 3.9% during the 3rd quarter. Modera Wealth Management LLC now owns 4,883 shares of the company’s stock worth $368,000 after buying an additional 182 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Archer-Daniels-Midland by 1.0% during the 4th quarter. Signaturefd LLC now owns 18,051 shares of the company’s stock worth $1,304,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ADM shares. The Goldman Sachs Group lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. BMO Capital Markets reduced their price target on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 13th. Robert W. Baird cut Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $96.00 to $61.00 in a research note on Monday, January 22nd. Barclays lowered shares of Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 target price on the stock. in a research note on Monday, January 22nd. Finally, Roth Mkm downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $98.00 to $66.00 in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Trading Down 0.3 %

NYSE ADM opened at $59.19 on Friday. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30. The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 10.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.95. The firm’s fifty day moving average price is $59.52 and its 200 day moving average price is $64.85.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. The business had revenue of $21.85 billion for the quarter, compared to analysts’ expectations of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The business’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 earnings per share. On average, sell-side analysts expect that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Wednesday, May 15th. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

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