Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,754 shares of the company’s stock after buying an additional 219 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Archer-Daniels-Midland were worth $993,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ADM. Orion Capital Management LLC purchased a new position in Archer-Daniels-Midland in the third quarter worth approximately $28,000. Tompkins Financial Corp purchased a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth $28,000. Operose Advisors LLC purchased a new stake in Archer-Daniels-Midland in the 3rd quarter valued at about $30,000. Strengthening Families & Communities LLC lifted its position in Archer-Daniels-Midland by 37.3% in the third quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock valued at $48,000 after buying an additional 174 shares during the last quarter. Finally, Emfo LLC acquired a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at about $51,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Down 0.3 %

NYSE:ADM traded down $0.18 during midday trading on Friday, hitting $59.17. 3,273,862 shares of the company were exchanged, compared to its average volume of 3,743,537. The company has a current ratio of 1.47, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30. The company has a market capitalization of $29.26 billion, a PE ratio of 10.38 and a beta of 0.78. The company has a fifty day simple moving average of $59.63 and a 200 day simple moving average of $64.60.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion during the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The business’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.09 EPS. As a group, equities analysts anticipate that Archer-Daniels-Midland Company will post 5.58 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADM. UBS Group reaffirmed a “neutral” rating and issued a $51.00 price objective (down from $104.00) on shares of Archer-Daniels-Midland in a research note on Friday, January 26th. Argus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Barclays downgraded shares of Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 target price on the stock. in a research note on Monday, January 22nd. Stifel Nicolaus cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and decreased their price target for the company from $116.00 to $56.00 in a research report on Monday, January 22nd. Finally, The Goldman Sachs Group lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price of $67.50.

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.