Rakuten Securities Inc. Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

Rakuten Securities Inc. acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 790 shares of the company’s stock, valued at approximately $57,000.

Several other large investors have also recently bought and sold shares of the company. PCA Investment Advisory Services Inc. bought a new position in Archer-Daniels-Midland in the 2nd quarter valued at approximately $25,000. Orion Capital Management LLC bought a new position in shares of Archer-Daniels-Midland during the third quarter valued at $28,000. Tompkins Financial Corp acquired a new position in shares of Archer-Daniels-Midland during the third quarter worth $28,000. Legacy Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland in the third quarter worth $30,000. Finally, Operose Advisors LLC acquired a new position in Archer-Daniels-Midland during the 3rd quarter worth about $30,000. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $60.42 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34. The stock has a market cap of $30.32 billion, a P/E ratio of 9.44 and a beta of 0.77. The company’s 50 day moving average price is $57.91 and its two-hundred day moving average price is $65.77. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30.

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

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 3.31%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 31.25%.

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

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. Jefferies Financial Group decreased their price objective on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. Citigroup increased their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. StockNews.com lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, Stifel Nicolaus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and cut their target price for the stock from $116.00 to $56.00 in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to data from MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and an average target price of $67.50.

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.