Wealth Alliance Raises Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Wealth Alliance boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,669 shares of the company’s stock after acquiring an additional 258 shares during the quarter. Wealth Alliance’s holdings in Archer-Daniels-Midland were worth $409,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Northern Trust Corp increased its stake in Archer-Daniels-Midland by 1.9% in the 3rd quarter. Northern Trust Corp now owns 13,303,791 shares of the company’s stock worth $1,003,372,000 after acquiring an additional 252,486 shares during the last quarter. Morgan Stanley increased its stake in Archer-Daniels-Midland by 41.8% in the 3rd 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 during the last quarter. Norges Bank bought a new position in Archer-Daniels-Midland in the 4th quarter worth about $525,111,000. Macquarie Group Ltd. increased its stake in Archer-Daniels-Midland by 9.1% in the 1st quarter. Macquarie Group Ltd. now owns 5,626,231 shares of the company’s stock worth $448,185,000 after acquiring an additional 467,243 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Archer-Daniels-Midland by 5.6% in the 3rd 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 last quarter. 78.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ADM shares. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. StockNews.com lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. The Goldman Sachs Group lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $90.00 to $67.00 in a research report on Monday, January 22nd. Stifel Nicolaus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating and reduced their price objective for the company from $116.00 to $56.00 in a research report on Monday, January 22nd. Finally, Citigroup increased their price objective on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Trading Up 0.2 %

NYSE ADM opened at $60.42 on Thursday. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60. The stock has a 50 day simple moving average of $57.91 and a two-hundred day simple moving average of $65.77. The stock has a market cap of $30.32 billion, a P/E ratio of 9.44 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.07). Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The business had revenue of $22.98 billion during the quarter, compared to analysts’ expectations of $23.79 billion. During the same quarter last year, the business posted $1.93 EPS. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. On average, analysts forecast that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 annualized dividend and a yield of 3.31%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 31.25%.

Archer-Daniels-Midland declared that its board has approved a share buyback plan on Tuesday, March 12th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.