PUREfi Wealth LLC Acquires Shares of 4,966 Archer-Daniels-Midland Company (NYSE:ADM)

PUREfi Wealth LLC acquired a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,966 shares of the company’s stock, valued at approximately $251,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Archer-Daniels-Midland by 3.3% during the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after acquiring an additional 1,018,256 shares during the last quarter. Wellington Management Group LLP raised its stake in Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. raised its stake in Archer-Daniels-Midland by 28.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after acquiring an additional 2,296,193 shares during the last quarter. FMR LLC raised its stake in Archer-Daniels-Midland by 33.9% during the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after acquiring an additional 1,007,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Archer-Daniels-Midland by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock valued at $215,533,000 after acquiring an additional 63,883 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Stephens dropped their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Citigroup boosted their target price 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 dropped their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday. Barclays dropped their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Finally, BMO Capital Markets dropped 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 report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus target price of $55.11.

Archer-Daniels-Midland Price Performance

ADM stock opened at $46.12 on Friday. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. The stock’s 50 day moving average price is $50.16 and its 200 day moving average price is $54.95. The firm has a market cap of $22.07 billion, a P/E ratio of 12.77 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the prior year, the company earned $1.36 EPS. Archer-Daniels-Midland’s revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts expect that Archer-Daniels-Midland Company will post 4.53 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its board has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.51 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.42%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio is presently 55.40%.

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.