Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,739 shares of the company’s stock after selling 425 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Archer-Daniels-Midland were worth $452,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in Archer-Daniels-Midland in the fourth quarter valued at $25,000. Raleigh Capital Management Inc. increased its stake in shares of Archer-Daniels-Midland by 179.4% in 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. Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland in the 4th quarter worth about $28,000. ST Germain D J Co. Inc. boosted its position in Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at approximately $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ADM shares. Citigroup lifted 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 note on Wednesday, December 4th. Barclays dropped 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 research report on Monday, February 24th. Morgan Stanley decreased 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. Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Bank of America decreased their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $53.63.

Archer-Daniels-Midland Trading Down 0.5 %

Shares of Archer-Daniels-Midland stock opened at $47.97 on Thursday. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The stock has a market cap of $23.01 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.54 and a beta of 0.67. The stock’s 50 day simple moving average is $47.72 and its 200-day simple moving average is $51.94.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same period in the prior year, the business earned $1.36 EPS. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. Analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.25%. Archer-Daniels-Midland’s payout ratio is 56.51%.

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

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.