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

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. West Financial Advisors LLC grew its position in Archer-Daniels-Midland by 10.1% during the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock worth $111,000 after buying an additional 201 shares during the period. Hantz Financial Services Inc. grew its holdings 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 worth $109,000 after acquiring an additional 210 shares during the period. Invesco LLC increased its stake in 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 purchasing an additional 211 shares in the last quarter. Advisor OS LLC raised its holdings in Archer-Daniels-Midland by 4.9% during the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock worth $231,000 after purchasing an additional 212 shares during the last quarter. Finally, Advisory Alpha LLC boosted its position in Archer-Daniels-Midland by 2.8% during the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock worth $402,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Down 0.0 %

ADM traded down $0.00 during trading hours on Wednesday, reaching $45.82. 3,265,538 shares of the stock traded hands, compared to its average volume of 3,452,727. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The firm's fifty day simple moving average is $49.00 and its two-hundred day simple moving average is $53.74. The company has a market cap of $21.98 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a fifty-two week low of $44.92 and a fifty-two week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share 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 firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same quarter last year, the firm earned $1.36 EPS. Archer-Daniels-Midland's quarterly revenue was down 6.4% on a year-over-year basis. As a group, analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a $0.51 dividend. 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 dividend yield of 4.45%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

Analyst Upgrades and Downgrades

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

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.