SBI Securities Co. Ltd. Buys Shares of 16,830 Archer-Daniels-Midland Company (NYSE:ADM)

SBI Securities Co. Ltd. purchased a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 16,830 shares of the company’s stock, valued at approximately $850,000.

A number of other institutional investors have also made changes to their positions in the stock. West Financial Advisors LLC lifted its stake in Archer-Daniels-Midland by 10.1% in the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock valued at $111,000 after buying an additional 201 shares during the period. Hantz Financial Services Inc. raised its position in shares of Archer-Daniels-Midland by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock valued at $109,000 after acquiring an additional 210 shares during the period. Invesco LLC boosted its stake in Archer-Daniels-Midland by 1.3% during the 4th 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 grew its holdings in Archer-Daniels-Midland by 4.9% during the fourth 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 period. Finally, Advisory Alpha LLC increased its stake in Archer-Daniels-Midland by 2.8% in the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock valued at $402,000 after purchasing an additional 216 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Down 1.3 %

Shares of Archer-Daniels-Midland stock opened at $46.60 on Tuesday. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The business’s 50 day simple moving average is $49.09 and its 200 day simple moving average is $53.83. The firm has a market cap of $22.35 billion, a PE ratio of 12.91, a P/E/G ratio of 1.54 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $21.50 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. On average, analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its board has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a $0.51 dividend. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.38%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ADM shares. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Stephens lowered their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup lifted their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Bank of America lowered their target price on 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. Finally, Morgan Stanley cut their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $54.89.

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.