AJOVista LLC Buys Shares of 1,658 Archer-Daniels-Midland Company (NYSE:ADM)

AJOVista LLC acquired a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, Holdings Channel reports. The fund acquired 1,658 shares of the company’s stock, valued at approximately $120,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC raised its position in shares of Archer-Daniels-Midland by 119.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,077 shares of the company’s stock worth $81,000 after purchasing an additional 586 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Archer-Daniels-Midland by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 220,398 shares of the company’s stock worth $16,622,000 after acquiring an additional 2,918 shares during the last quarter. SVB Wealth LLC lifted its position in shares of Archer-Daniels-Midland by 32.4% in the third quarter. SVB Wealth LLC now owns 11,342 shares of the company’s stock valued at $855,000 after acquiring an additional 2,774 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Archer-Daniels-Midland by 4.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 126,171 shares of the company’s stock valued at $9,516,000 after acquiring an additional 5,729 shares during the last quarter. Finally, Legacy Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $30,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ADM shares. StockNews.com cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Bank of America decreased their target price on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Stifel Nicolaus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating and cut their price target for the company from $116.00 to $56.00 in a report on Monday, January 22nd. UBS Group restated a “neutral” rating and set a $51.00 price objective (down previously from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. Finally, Roth Mkm lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their target price for the company from $98.00 to $66.00 in a research note on Monday, January 22nd. One equities 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.com, the company currently has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Trading Down 0.3 %

Shares of NYSE ADM traded down $0.18 during midday trading on Friday, hitting $59.17. The stock had a trading volume of 3,273,862 shares, compared to its average volume of 3,743,537. The company has a fifty day moving average price of $59.52 and a 200 day moving average price of $64.85. The company has a market capitalization of $29.26 billion, a price-to-earnings ratio of 10.38 and a beta of 0.78. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $87.30. The company has a quick ratio of 0.95, a current ratio of 1.47 and a debt-to-equity ratio of 0.35.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results 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. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm had revenue of $21.85 billion for the quarter, compared to analysts’ expectations of $22.26 billion. During the same period in the previous year, the company posted $2.09 earnings per share. Archer-Daniels-Midland’s revenue was down 9.2% compared to the same quarter last year. On average, analysts predict that Archer-Daniels-Midland Company will post 5.58 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

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

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 12th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

About Archer-Daniels-Midland

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.