Strategic Financial Concepts LLC Buys New Shares in Archer-Daniels-Midland Company (NYSE:ADM)

Strategic Financial Concepts LLC purchased a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 19,900 shares of the company’s stock, valued at approximately $1,005,000.

A number of other hedge funds have also modified their holdings of ADM. Wellington Management Group LLP raised its holdings in shares of Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after purchasing an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after buying an additional 2,296,193 shares during the period. State Street Corp boosted its stake in shares of Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after buying an additional 1,018,256 shares during the last quarter. FMR LLC grew its holdings in Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after acquiring an additional 1,007,494 shares during the period. Finally, Barclays PLC raised its position in Archer-Daniels-Midland by 52.0% during the third quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock valued at $89,738,000 after acquiring an additional 514,005 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of analyst reports. 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 research note on Wednesday, February 5th. Citigroup raised their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Barclays decreased their price objective on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Stephens cut their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Morgan Stanley reduced their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $55.11.

Archer-Daniels-Midland Trading Down 0.4 %

Shares of Archer-Daniels-Midland stock opened at $45.90 on Wednesday. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The firm’s 50-day moving average price is $49.94 and its 200 day moving average price is $54.62. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $21.96 billion, a PE ratio of 12.71 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $22.77 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts predict that Archer-Daniels-Midland Company will post 4.53 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its board has authorized a share repurchase program 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 programs are typically a sign that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 4.44%. Archer-Daniels-Midland’s dividend payout ratio is presently 55.40%.

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.