24,093 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Purchased by Hickory Point Bank & Trust

Hickory Point Bank & Trust bought a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,093 shares of the company’s stock, valued at approximately $1,217,000. Archer-Daniels-Midland accounts for 1.1% of Hickory Point Bank & Trust’s portfolio, making the stock its 17th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in Archer-Daniels-Midland by 15.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 49,451 shares of the company’s stock worth $2,954,000 after purchasing an additional 6,715 shares during the period. Pinnacle Associates Ltd. boosted its stake in shares of Archer-Daniels-Midland by 15.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 16,100 shares of the company’s stock worth $962,000 after buying an additional 2,192 shares during the last quarter. Affinity Investment Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the third quarter worth $220,000. Capital Advisors Inc. OK purchased a new stake in Archer-Daniels-Midland during the third quarter valued at $235,000. Finally, Chicago Partners Investment Group LLC lifted its holdings in Archer-Daniels-Midland by 0.8% in the third quarter. Chicago Partners Investment Group LLC now owns 38,333 shares of the company’s stock valued at $2,150,000 after acquiring an additional 291 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 1.5 %

Shares of Archer-Daniels-Midland stock opened at $47.27 on Friday. Archer-Daniels-Midland Company has a fifty-two week low of $44.92 and a fifty-two week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The company has a market capitalization of $22.68 billion, a P/E ratio of 13.10, a P/E/G ratio of 1.54 and a beta of 0.72. The company has a fifty day moving average of $49.17 and a 200 day moving average of $53.95.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data 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 analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.36 earnings per share. On average, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is 56.51%.

Archer-Daniels-Midland declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Stephens cut their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Barclays reduced their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. BMO Capital Markets decreased their price target 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. Bank of America cut their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, February 11th. Finally, Morgan Stanley decreased 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. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.89.

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.