Proficio Capital Partners LLC Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

Proficio Capital Partners LLC purchased a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 171,750 shares of the company’s stock, valued at approximately $8,677,000.

Several other hedge funds have also modified their holdings of the stock. West Financial Advisors LLC grew its position in shares of Archer-Daniels-Midland by 10.1% in the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock valued at $111,000 after acquiring an additional 201 shares during the period. Hantz Financial Services Inc. grew its position in shares of Archer-Daniels-Midland by 10.8% in the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock valued at $109,000 after acquiring an additional 210 shares during the period. Invesco LLC grew its position in shares of Archer-Daniels-Midland by 1.3% in the 4th quarter. Invesco LLC now owns 16,242 shares of the company’s stock valued at $821,000 after acquiring an additional 211 shares during the period. Advisor OS LLC grew its position in shares of Archer-Daniels-Midland by 4.9% in the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company’s stock valued at $231,000 after acquiring an additional 212 shares during the period. Finally, Advisory Alpha LLC grew its position in shares of Archer-Daniels-Midland by 2.8% in the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company’s stock valued at $402,000 after acquiring an additional 216 shares during the period. 78.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley decreased 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 research report on Tuesday, February 11th. Stephens reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Barclays reduced their target price 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. BMO Capital Markets reduced their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Finally, Citigroup lifted their target price 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 equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $53.63.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $47.26 on Friday. 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 company has a market capitalization of $22.67 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 12-month low of $44.92 and a 12-month high of $66.08. The firm has a 50-day moving average price of $48.62 and a two-hundred day moving average price of $53.12.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data 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. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 EPS. Analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.32%. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.