Axxcess Wealth Management LLC Takes $266,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

Axxcess Wealth Management LLC bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,677 shares of the company’s stock, valued at approximately $266,000.

Several other institutional investors also recently bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of Archer-Daniels-Midland by 1.9% in the third quarter. Northern Trust Corp now owns 13,303,791 shares of the company’s stock valued at $1,003,372,000 after purchasing an additional 252,486 shares in the last quarter. Morgan Stanley grew its stake in shares of Archer-Daniels-Midland by 41.8% in the third quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock worth $651,737,000 after acquiring an additional 2,547,232 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Archer-Daniels-Midland by 5.6% during the third quarter. Ameriprise Financial Inc. now owns 3,696,394 shares of the company’s stock worth $278,779,000 after acquiring an additional 195,255 shares during the period. AQR Capital Management LLC raised its stake in shares of Archer-Daniels-Midland by 31.4% in the third quarter. AQR Capital Management LLC now owns 2,864,305 shares of the company’s stock valued at $216,026,000 after acquiring an additional 683,984 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Archer-Daniels-Midland by 6.8% in the fourth quarter. LSV Asset Management now owns 2,557,441 shares of the company’s stock valued at $184,698,000 after purchasing an additional 162,145 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. UBS Group restated a “neutral” rating and issued a $51.00 price target (down from $104.00) on shares of Archer-Daniels-Midland in a research note on Friday, January 26th. Barclays cut Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 price objective for the company. in a research report on Monday, January 22nd. Citigroup raised their target price on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group dropped their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Up 0.7 %

ADM opened at $62.44 on Friday. The business has a 50 day moving average price of $60.13 and a two-hundred day moving average price of $64.41. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30. The company has a market cap of $30.87 billion, a PE ratio of 10.95 and a beta of 0.78. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. The firm had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. Archer-Daniels-Midland’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period last year, the firm posted $2.09 EPS. As a group, research analysts anticipate that Archer-Daniels-Midland Company will post 5.58 EPS for the current year.

Archer-Daniels-Midland announced that its board has authorized a share buyback plan on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

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.