Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 31.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,380 shares of the company’s stock after acquiring an additional 7,465 shares during the quarter. NEOS Investment Management LLC’s holdings in Archer-Daniels-Midland were worth $1,585,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ADM. West Financial Advisors LLC grew its position in shares of Archer-Daniels-Midland by 10.1% during the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock worth $111,000 after acquiring an additional 201 shares during the last quarter. Hantz Financial Services Inc. grew its position in Archer-Daniels-Midland by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock worth $109,000 after purchasing an additional 210 shares during the last quarter. Invesco LLC increased its stake in shares of Archer-Daniels-Midland by 1.3% in the fourth quarter. Invesco LLC now owns 16,242 shares of the company’s stock valued at $821,000 after purchasing an additional 211 shares during the period. Advisor OS LLC raised its holdings in shares of Archer-Daniels-Midland by 4.9% during the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock valued at $231,000 after buying an additional 212 shares during the last quarter. Finally, Advisory Alpha LLC boosted its position in shares of Archer-Daniels-Midland by 2.8% during the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock worth $402,000 after buying an additional 216 shares during the period. Institutional investors own 78.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ADM. BMO Capital Markets cut their target price 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 cut their price objective 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. Stephens decreased their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Citigroup boosted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley lowered their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.63.

Archer-Daniels-Midland Stock Performance

Shares of ADM opened at $47.87 on Friday. Archer-Daniels-Midland Company has a 12-month low of $44.92 and a 12-month high of $66.08. The stock has a market capitalization of $22.97 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.54 and a beta of 0.67. The firm’s 50 day moving average is $47.89 and its 200-day moving average is $52.19. 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 (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. Equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.51 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.26%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is 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.