Rahlfs Capital LLC Makes New $992,000 Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Rahlfs Capital LLC acquired a new position in Archer-Daniels-Midland Company (NYSE:ADM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,640 shares of the company’s stock, valued at approximately $992,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Archer-Daniels-Midland by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company’s stock worth $3,150,390,000 after buying an additional 706,567 shares during the period. State Street Corp boosted its position in shares of Archer-Daniels-Midland by 3.3% in the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after purchasing an additional 1,018,256 shares in the last quarter. Wellington Management Group LLP increased its position in Archer-Daniels-Midland by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock valued at $1,068,626,000 after buying an additional 1,722,428 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Archer-Daniels-Midland by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company’s stock worth $590,305,000 after buying an additional 247,647 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Archer-Daniels-Midland by 28.4% in 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 in the last quarter. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on ADM shares. Bank of America reduced their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. BMO Capital Markets decreased their target price on shares of 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. Morgan Stanley dropped their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Stephens lowered their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Barclays cut their price target 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 given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $53.63.

Archer-Daniels-Midland Trading Down 8.9 %

Shares of NYSE ADM opened at $43.32 on Friday. The stock has a market capitalization of $20.78 billion, a P/E ratio of 12.00, a PEG ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 1-year low of $43.01 and a 1-year high of $66.08. The business’s 50 day moving average is $47.51 and its two-hundred day moving average is $51.80. 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 issued its quarterly 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. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS. As a group, research analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed 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 of this dividend was Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.71%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio is 56.51%.

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.