EdgeRock Capital LLC Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

EdgeRock Capital LLC purchased a new stake in Archer-Daniels-Midland Company (NYSE:ADM) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 481 shares of the company’s stock, valued at approximately $35,000.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in shares of Archer-Daniels-Midland by 12.8% in the 4th quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock valued at $88,534,000 after acquiring an additional 139,064 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Archer-Daniels-Midland by 3.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,072,606 shares of the company’s stock worth $80,896,000 after purchasing an additional 31,700 shares during the last quarter. Pathstone Family Office LLC raised its position in Archer-Daniels-Midland by 543.2% during the 3rd quarter. Pathstone Family Office LLC now owns 28,000 shares of the company’s stock worth $2,112,000 after purchasing an additional 23,647 shares during the last quarter. Artemis Investment Management LLP raised its position in Archer-Daniels-Midland by 12.3% during the 4th quarter. Artemis Investment Management LLP now owns 733,113 shares of the company’s stock worth $52,946,000 after purchasing an additional 80,245 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Archer-Daniels-Midland by 17.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 599,717 shares of the company’s stock worth $43,312,000 after purchasing an additional 87,752 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. 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 research report on Friday, January 26th. The Goldman Sachs Group downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $90.00 to $67.00 in a report on Monday, January 22nd. Roth Mkm downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $98.00 to $66.00 in a report on Monday, January 22nd. Stifel Nicolaus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating and decreased their price target for the stock from $116.00 to $56.00 in a report on Monday, January 22nd. Finally, Robert W. Baird downgraded Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $96.00 to $61.00 in a report on Monday, January 22nd. One 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.com, the company has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock traded up $0.44 during mid-day trading on Wednesday, hitting $62.03. 4,022,624 shares of the stock were exchanged, compared to its average volume of 5,773,188. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. The company has a market capitalization of $30.67 billion, a P/E ratio of 10.88 and a beta of 0.78. The company has a 50-day simple moving average of $59.95 and a 200 day simple moving average of $64.43. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. The company had revenue of $21.85 billion for the quarter, compared to analysts’ expectations 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 revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.09 EPS. Sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.58 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.22%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Archer-Daniels-Midland declared that its Board of Directors has authorized a stock buyback plan on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are 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.