Archer-Daniels-Midland Company (NYSE:ADM) Position Increased by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,754 shares of the company’s stock after buying an additional 219 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Archer-Daniels-Midland were worth $993,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its position in Archer-Daniels-Midland by 119.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,077 shares of the company’s stock valued at $81,000 after purchasing an additional 586 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Archer-Daniels-Midland by 4.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 126,171 shares of the company’s stock worth $9,516,000 after buying an additional 5,729 shares in the last quarter. Brown Advisory Inc. increased its position in Archer-Daniels-Midland by 1.3% in the 3rd quarter. Brown Advisory Inc. now owns 13,997 shares of the company’s stock valued at $1,056,000 after acquiring an additional 185 shares during the period. Sage Mountain Advisors LLC raised its stake in Archer-Daniels-Midland by 16.3% during the 3rd quarter. Sage Mountain Advisors LLC now owns 4,351 shares of the company’s stock valued at $328,000 after acquiring an additional 609 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its position in Archer-Daniels-Midland by 16.0% during the 3rd quarter. Lindbrook Capital LLC now owns 1,386 shares of the company’s stock worth $105,000 after acquiring an additional 191 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ADM. Bank of America lowered their price target on 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 cut their target price for the stock from $96.00 to $61.00 in a research report on Monday, January 22nd. Jefferies Financial Group lowered their price target on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, March 13th. Roth Capital lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, UBS Group reaffirmed a “neutral” rating and set a $51.00 target price (down from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.50.

Archer-Daniels-Midland Trading Down 0.3 %

ADM stock traded down $0.18 during mid-day trading on Friday, reaching $59.17. 3,273,862 shares of the stock traded hands, compared to its average volume of 3,743,537. The stock’s fifty day moving average is $59.63 and its 200-day moving average is $64.60. The company has a market cap of $29.26 billion, a P/E ratio of 10.38 and a beta of 0.78. 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 52-week low of $50.72 and a 52-week high of $87.30.

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

Archer-Daniels-Midland Announces Dividend

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

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