Mizuho Securities USA LLC Boosts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Mizuho Securities USA LLC increased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 46.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,317 shares of the company’s stock after acquiring an additional 14,312 shares during the quarter. Mizuho Securities USA LLC’s holdings in Archer-Daniels-Midland were worth $2,289,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADM. Fairway Wealth LLC bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $25,000. Raleigh Capital Management Inc. increased its stake in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after buying an additional 357 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter valued at about $28,000. ST Germain D J Co. Inc. boosted its stake in shares of Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after acquiring an additional 500 shares during the period. Finally, Crews Bank & Trust bought a new position in Archer-Daniels-Midland in the 4th quarter worth approximately $30,000. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the topic of several research analyst reports. Morgan Stanley lowered their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Citigroup increased their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Barclays decreased their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. BMO Capital Markets decreased their price objective 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. Finally, Stephens lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.63.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM opened at $45.96 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $22.05 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08. The firm’s 50-day moving average is $48.20 and its 200 day moving average is $52.48.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis. Research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.51 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is currently 56.51%.

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.