Kestra Private Wealth Services LLC Raises Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Kestra Private Wealth Services LLC lifted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,850 shares of the company’s stock after purchasing an additional 464 shares during the period. Kestra Private Wealth Services LLC’s holdings in Archer-Daniels-Midland were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Archer-Daniels-Midland in the third quarter valued at about $28,000. Tompkins Financial Corp bought a new position in Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Legacy Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter valued at approximately $30,000. Operose Advisors LLC bought a new stake in shares of Archer-Daniels-Midland during the third quarter valued at approximately $30,000. Finally, Strengthening Families & Communities LLC lifted its holdings in shares of Archer-Daniels-Midland by 37.3% in the third quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock worth $48,000 after buying an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ADM shares. Bank of America reduced their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Robert W. Baird downgraded Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $96.00 to $61.00 in a research report on Monday, January 22nd. BMO Capital Markets cut their price target on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, TheStreet lowered shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average price target of $67.50.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM opened at $59.19 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30. The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 10.38 and a beta of 0.78. The firm’s 50-day moving average is $59.52 and its 200 day moving average is $64.85.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The firm had revenue of $21.85 billion for the quarter, compared to analysts’ expectations of $22.26 billion. During the same quarter in the prior year, the firm posted $2.09 earnings per share. The company’s quarterly revenue was down 9.2% on a year-over-year basis. Research analysts predict that Archer-Daniels-Midland Company will post 5.48 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 3.38%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Archer-Daniels-Midland declared that its Board of Directors has approved a share buyback program on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are 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.