SBI Securities Co. Ltd. Makes New Investment in Archer-Daniels-Midland Company (NYSE:ADM)

SBI Securities Co. Ltd. acquired a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,830 shares of the company’s stock, valued at approximately $850,000.

A number of other large investors have also modified their holdings of ADM. Harbor Capital Advisors Inc. acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in Archer-Daniels-Midland in the third quarter valued at about $26,000. Peterson Financial Group Inc. acquired a new position in Archer-Daniels-Midland in the third quarter worth about $28,000. Raleigh Capital Management Inc. lifted its stake in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after purchasing an additional 357 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in Archer-Daniels-Midland during the fourth quarter valued at approximately $28,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ADM. Morgan Stanley cut their target price 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. Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Barclays lowered their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Bank of America cut their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, February 11th. Finally, BMO Capital Markets decreased 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 research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus price target of $54.89.

Archer-Daniels-Midland Trading Down 1.3 %

Shares of NYSE ADM opened at $46.60 on Tuesday. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08. The company has a 50-day moving average of $49.09 and a two-hundred day moving average of $53.83. The company 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. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data 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. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. Archer-Daniels-Midland’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 EPS. As a group, equities analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its board has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors 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 of this dividend is Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.38%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 56.51%.

Archer-Daniels-Midland 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.