apricus wealth LLC Grows Stake in Archer-Daniels-Midland Company (NYSE:ADM)

apricus wealth LLC grew its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 10.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 40,626 shares of the company’s stock after buying an additional 3,940 shares during the quarter. apricus wealth LLC’s holdings in Archer-Daniels-Midland were worth $2,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Pflug Koory LLC lifted its stake in shares of Archer-Daniels-Midland by 5.1% in the 4th quarter. Pflug Koory LLC now owns 14,749 shares of the company’s stock valued at $745,000 after purchasing an additional 712 shares during the period. Impact Partnership Wealth LLC lifted its stake in shares of Archer-Daniels-Midland by 5.6% in the 4th quarter. Impact Partnership Wealth LLC now owns 12,257 shares of the company’s stock valued at $619,000 after purchasing an additional 651 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of Archer-Daniels-Midland by 12.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 5,971 shares of the company’s stock valued at $302,000 after purchasing an additional 676 shares during the period. Raleigh Capital Management Inc. lifted its stake in shares of Archer-Daniels-Midland by 179.4% in 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 period. Finally, Mutual Advisors LLC lifted its stake in shares of Archer-Daniels-Midland by 13.3% in the 4th quarter. Mutual Advisors LLC now owns 22,994 shares of the company’s stock valued at $1,173,000 after purchasing an additional 2,701 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ADM. Stephens began coverage on Archer-Daniels-Midland in a research report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price objective for the company. BMO Capital Markets reduced their price objective on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. Bank of America lowered Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $63.00 to $54.00 in a report on Tuesday, January 14th. Morgan Stanley reduced their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Finally, Citigroup lifted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $56.89.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $50.52 on Friday. The company has a market capitalization of $24.17 billion, a PE ratio of 14.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The business’s fifty day moving average is $51.64 and its 200 day moving average is $56.56. Archer-Daniels-Midland Company has a fifty-two week low of $48.40 and a fifty-two week high of $66.08.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.96%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

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.