HighTower Advisors LLC Grows Stake in Archer-Daniels-Midland Company (NYSE:ADM)

HighTower Advisors LLC grew its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 4.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 82,203 shares of the company’s stock after buying an additional 3,291 shares during the quarter. HighTower Advisors LLC’s holdings in Archer-Daniels-Midland were worth $4,153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland during the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. boosted its position in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 357 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Archer-Daniels-Midland during the 4th quarter valued at approximately $28,000. ST Germain D J Co. Inc. boosted its position in Archer-Daniels-Midland by 724.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after acquiring an additional 500 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in Archer-Daniels-Midland during the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Bank of America decreased their target price 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. 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 report on Tuesday, February 11th. BMO Capital Markets dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Citigroup raised their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, Barclays reduced their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $53.63.

Archer-Daniels-Midland Stock Down 0.9 %

ADM stock opened at $46.51 on Friday. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08. The business has a fifty day moving average price of $48.42 and a 200-day moving average price of $52.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The stock has a market capitalization of $22.31 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share 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 firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter in the previous year, the business earned $1.36 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. Equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.39%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its board has authorized a stock repurchase plan on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.