Archer-Daniels-Midland Company (NYSE:ADM) Stake Boosted by Foster & Motley Inc.

Foster & Motley Inc. grew its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,568 shares of the company’s stock after purchasing an additional 11,817 shares during the quarter. Foster & Motley Inc.’s holdings in Archer-Daniels-Midland were worth $3,869,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ADM. Orion Capital Management LLC bought a new position in Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Tompkins Financial Corp bought a new position in Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Legacy Financial Group LLC bought a new position in Archer-Daniels-Midland in the 3rd quarter worth approximately $30,000. Operose Advisors LLC bought a new position in Archer-Daniels-Midland in the 3rd quarter worth approximately $30,000. Finally, Strengthening Families & Communities LLC grew its holdings in Archer-Daniels-Midland by 37.3% in the 3rd quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock worth $48,000 after buying an additional 174 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Bank of America cut their target price on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Robert W. Baird downgraded Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $96.00 to $61.00 in a research report on Monday, January 22nd. Roth Mkm downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their price objective for the company from $98.00 to $66.00 in a research report on Monday, January 22nd. Jefferies Financial Group cut their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. Finally, The Goldman Sachs Group downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their price objective for the company from $90.00 to $67.00 in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Trading Down 0.2 %

Archer-Daniels-Midland stock opened at $62.50 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95. The company has a market capitalization of $31.36 billion, a price-to-earnings ratio of 9.77 and a beta of 0.77. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30. The company’s fifty day moving average price is $58.46 and its two-hundred day moving average price is $65.48.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.07). The business had revenue of $22.98 billion during the quarter, compared to analyst estimates of $23.79 billion. Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.93 earnings per share. On average, analysts forecast that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were given a $0.50 dividend. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Wednesday, February 7th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 31.25%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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.