IFP Advisors Inc Grows Position in Archer-Daniels-Midland Company (NYSE:ADM)

IFP Advisors Inc boosted its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 78.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,172 shares of the company’s stock after buying an additional 5,779 shares during the quarter. IFP Advisors Inc’s holdings in Archer-Daniels-Midland were worth $666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at $28,000. Raleigh Capital Management Inc. increased its position in shares of Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $28,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Up 1.5 %

Shares of NYSE ADM opened at $47.27 on Friday. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week high of $66.08. The business has a 50-day simple moving average of $49.17 and a two-hundred day simple moving average of $53.98. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market cap of $22.68 billion, a P/E ratio of 13.10, a P/E/G ratio of 1.54 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter last year, the company earned $1.36 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. Research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a $0.51 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.32%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 56.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ADM. Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Morgan Stanley decreased their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Barclays decreased their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. BMO Capital Markets cut their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Finally, Bank of America cut their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $54.89.

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.