Bank of New York Mellon Corp Purchases 46,901 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Bank of New York Mellon Corp boosted its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,092,552 shares of the company’s stock after purchasing an additional 46,901 shares during the quarter. Bank of New York Mellon Corp’s holdings in Archer-Daniels-Midland were worth $156,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ADM. Harbor Capital Advisors Inc. purchased a new position in Archer-Daniels-Midland in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in Archer-Daniels-Midland in the 3rd quarter worth approximately $26,000. Peterson Financial Group Inc. purchased a new position in Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Raleigh Capital Management Inc. grew its stake in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after buying an additional 357 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in Archer-Daniels-Midland in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 1.5 %

NYSE:ADM opened at $47.27 on Friday. The company has a fifty day moving average of $49.17 and a 200 day moving average of $53.98. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $22.68 billion, a P/E ratio of 13.10, a P/E/G ratio of 1.54 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the business posted $1.36 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year. On average, research analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ADM shares. BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley lowered their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Barclays lowered their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Bank of America lowered their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, February 11th. Finally, Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus target price of $54.89.

Archer-Daniels-Midland 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.