Sierra Summit Advisors LLC Buys 2,687 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Sierra Summit Advisors LLC raised its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 34.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,433 shares of the company’s stock after purchasing an additional 2,687 shares during the period. Sierra Summit Advisors LLC’s holdings in Archer-Daniels-Midland were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ADM. AustralianSuper Pty Ltd grew its stake in shares of Archer-Daniels-Midland by 26.4% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock worth $87,409,000 after acquiring an additional 360,844 shares during the period. Amundi lifted its holdings in Archer-Daniels-Midland by 56.7% during the fourth quarter. Amundi now owns 2,473,393 shares of the company’s stock valued at $123,340,000 after purchasing an additional 894,562 shares during the last quarter. Hickory Point Bank & Trust bought a new position in Archer-Daniels-Midland during the fourth quarter worth about $1,217,000. Semanteon Capital Management LP purchased a new position in shares of Archer-Daniels-Midland in the fourth quarter worth about $614,000. Finally, Aigen Investment Management LP lifted its stake in shares of Archer-Daniels-Midland by 127.7% during the 4th quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock valued at $2,372,000 after buying an additional 26,329 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of recent research reports. Stephens lowered their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Bank of America decreased their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley cut their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. BMO Capital Markets decreased their price target 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. Finally, Barclays lowered their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $53.63.

Archer-Daniels-Midland Trading Down 8.9 %

Shares of Archer-Daniels-Midland stock opened at $43.32 on Monday. 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 Company has a 1 year low of $41.78 and a 1 year high of $66.08. The firm has a market cap of $20.78 billion, a PE ratio of 12.00, a PEG ratio of 1.54 and a beta of 0.66. The company has a 50 day simple moving average of $47.51 and a two-hundred day simple moving average of $51.67.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same period in the previous year, the business earned $1.36 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. Analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders 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 annualized dividend and a yield of 4.71%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio is currently 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.