10,774 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Bought by Kiker Wealth Management LLC

Kiker Wealth Management LLC bought a new stake in Archer-Daniels-Midland Company (NYSE:ADM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,774 shares of the company’s stock, valued at approximately $544,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. lifted its position in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 357 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter valued at about $28,000. ST Germain D J Co. Inc. increased its position in Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after buying an additional 500 shares in the last quarter. Finally, Crews Bank & Trust purchased a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at about $30,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock opened at $46.51 on Friday. The stock has a 50 day moving average of $48.42 and a 200 day moving average of $52.80. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08. The firm has a market cap of $22.31 billion, a PE ratio of 12.88, a PEG ratio of 1.54 and a beta of 0.67. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $21.50 billion for 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%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 earnings per share. On average, research analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

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 buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is 56.51%.

Wall Street Analyst Weigh In

ADM has been the subject of several analyst reports. Morgan Stanley reduced their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Bank of America decreased 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. Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup raised their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, Barclays dropped their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $53.63.

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.