VisionPoint Advisory Group LLC Makes New $200,000 Investment in Archer-Daniels-Midland Company (NYSE:ADM)

VisionPoint Advisory Group LLC purchased a new stake in Archer-Daniels-Midland Company (NYSE:ADM) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,990 shares of the company’s stock, valued at approximately $200,000.

Several other large investors have also recently made changes to their positions in ADM. ING Groep NV bought a new position in Archer-Daniels-Midland in the fourth quarter worth about $4,848,000. Laurel Wealth Planning LLC grew its position in shares of Archer-Daniels-Midland by 172.7% in the 4th quarter. Laurel Wealth Planning LLC now owns 35,447 shares of the company’s stock worth $1,791,000 after buying an additional 22,447 shares during the last quarter. Advyzon Investment Management LLC bought a new position in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $201,000. LMG Wealth Partners LLC lifted its position in Archer-Daniels-Midland by 9.6% during the fourth quarter. LMG Wealth Partners LLC now owns 57,457 shares of the company’s stock valued at $2,903,000 after acquiring an additional 5,025 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in Archer-Daniels-Midland by 54.1% in the fourth quarter. Private Advisor Group LLC now owns 46,896 shares of the company’s stock valued at $2,369,000 after acquiring an additional 16,456 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Performance

ADM opened at $48.30 on Friday. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 12-month low of $44.92 and a 12-month high of $66.08. The firm has a 50 day moving average of $49.47 and a two-hundred day moving average of $54.35. The firm has a market capitalization of $23.11 billion, a PE ratio of 13.38, a P/E/G ratio of 1.47 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter last year, the company posted $1.36 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. On average, analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

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

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a $0.51 dividend. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.22%. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ADM shares. Citigroup upped their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Bank of America decreased 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. BMO Capital Markets dropped their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Barclays decreased their price objective on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Finally, Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.11.

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.