Vision Financial Markets LLC Invests $244,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Vision Financial Markets LLC acquired a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,835 shares of the company’s stock, valued at approximately $244,000.

Several other large investors have also recently made changes to their positions in the stock. Aigen Investment Management LP lifted its holdings in shares of Archer-Daniels-Midland by 127.7% in the 4th quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock worth $2,372,000 after acquiring an additional 26,329 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $8,677,000. M&T Bank Corp increased its stake in Archer-Daniels-Midland by 8.1% during the 4th quarter. M&T Bank Corp now owns 39,825 shares of the company’s stock worth $2,012,000 after buying an additional 2,980 shares during the period. Victory Capital Management Inc. increased its stake in Archer-Daniels-Midland by 0.3% during the 4th quarter. Victory Capital Management Inc. now owns 933,627 shares of the company’s stock worth $47,167,000 after buying an additional 2,356 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Archer-Daniels-Midland by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company’s stock worth $195,813,000 after buying an additional 268,102 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ADM. Barclays cut their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Citigroup upped their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. BMO Capital Markets dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Stephens dropped their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Bank of America dropped their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $54.89.

Archer-Daniels-Midland Trading Down 0.0 %

NYSE ADM opened at $45.82 on Thursday. The company has a market capitalization of $21.98 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The firm’s fifty day moving average price is $48.90 and its 200 day moving average price is $53.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08.

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

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.51 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.45%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio is currently 56.51%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share 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. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Archer-Daniels-Midland Company 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.