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

Avidian Wealth Enterprises LLC boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 4.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,162 shares of the company’s stock after acquiring an additional 548 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Archer-Daniels-Midland were worth $665,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Archer-Daniels-Midland during the third quarter worth $25,000. Ashton Thomas Securities LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $26,000. Peterson Financial Group Inc. acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth about $28,000. Raleigh Capital Management Inc. increased its holdings in shares of Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth about $28,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $45.22 on Thursday. The stock’s 50-day moving average price is $50.42 and its 200 day moving average price is $55.08. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $21.64 billion, a PE ratio of 12.53 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $45.01 and a 52-week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Archer-Daniels-Midland Company will post 4.53 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 55.40%.

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

Wall Street Analyst Weigh In

ADM has been the topic of several recent analyst reports. Barclays dropped their price target on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Bank of America cut their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday. Citigroup boosted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. BMO Capital Markets cut their target price 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, Stephens reduced their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus target price of $55.11.

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.