BankPlus Trust Department Purchases New Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

BankPlus Trust Department purchased a new stake in Archer-Daniels-Midland Company (NYSE:ADM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,492 shares of the company’s stock, valued at approximately $176,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in Archer-Daniels-Midland in the third quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $26,000. Peterson Financial Group Inc. bought a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $28,000. Raleigh Capital Management Inc. lifted its holdings in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after buying an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Archer-Daniels-Midland during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 0.4 %

Shares of Archer-Daniels-Midland stock opened at $48.41 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The business’s 50 day simple moving average is $49.40 and its 200-day simple moving average is $54.23. The stock has a market capitalization of $23.22 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.54 and a beta of 0.72. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $22.77 billion. During the same period last year, the firm earned $1.36 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

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

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a $0.51 dividend. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.21%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 56.51%.

Analysts Set New Price Targets

ADM has been the topic of a number of research analyst reports. Bank of America reduced their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. Morgan Stanley reduced their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Stephens reduced their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup increased their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets reduced their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $54.89.

About Archer-Daniels-Midland

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.