Sigma Planning Corp Raises Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Sigma Planning Corp boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,603 shares of the company’s stock after acquiring an additional 2,548 shares during the period. Sigma Planning Corp’s holdings in Archer-Daniels-Midland were worth $1,293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADM. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland in the third quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland in the 3rd quarter worth approximately $26,000. Peterson Financial Group Inc. purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth approximately $28,000. Raleigh Capital Management Inc. increased its stake 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 purchasing an additional 357 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Archer-Daniels-Midland in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets dropped their price objective on shares of 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. Morgan Stanley dropped their price target on 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. Stephens reduced their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Barclays dropped 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. Finally, Citigroup raised their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $54.89.

Archer-Daniels-Midland Trading Up 0.4 %

Shares of NYSE:ADM opened at $48.41 on Tuesday. Archer-Daniels-Midland Company has a 12-month low of $44.92 and a 12-month high of $66.08. The company has a market capitalization of $23.22 billion, a PE ratio of 13.41, a PEG ratio of 1.48 and a beta of 0.72. The business has a 50 day moving average of $49.40 and a two-hundred day moving average of $54.23. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same period in the previous year, the firm earned $1.36 EPS. The business’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be 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 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its board has authorized a share repurchase program on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is 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.