Atala Financial Inc Purchases New Shares in Archer-Daniels-Midland Company (NYSE:ADM)

Atala Financial Inc purchased a new position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,574 shares of the company's stock, valued at approximately $332,000.

Other hedge funds have also recently bought and sold shares of the company. Madison Investment Advisors LLC acquired a new position in Archer-Daniels-Midland during the fourth quarter worth about $8,230,000. Thompson Siegel & Walmsley LLC grew its holdings in Archer-Daniels-Midland by 53.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,582,858 shares of the company's stock valued at $79,966,000 after buying an additional 552,545 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Archer-Daniels-Midland by 5.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 211,475 shares of the company's stock valued at $10,684,000 after acquiring an additional 11,817 shares in the last quarter. Truvestments Capital LLC raised its stake in Archer-Daniels-Midland by 9.3% in the 4th quarter. Truvestments Capital LLC now owns 50,191 shares of the company's stock valued at $2,536,000 after purchasing an additional 4,281 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Archer-Daniels-Midland by 26.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 10,366 shares of the company's stock valued at $524,000 after purchasing an additional 2,183 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of recent research reports. Stephens lowered their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Bank of America reduced their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research note on Tuesday, February 11th. BMO Capital Markets reduced 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. Citigroup lifted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Finally, Morgan Stanley cut their price objective 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. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of "Hold" and a consensus target price of $53.63.

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Archer-Daniels-Midland Trading Down 0.6 %

NYSE:ADM traded down $0.29 on Tuesday, hitting $47.70. 3,739,933 shares of the stock were exchanged, compared to its average volume of 3,298,400. The stock has a market cap of $22.88 billion, a PE ratio of 13.21, 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. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $48.58 and a 200-day moving average of $52.97.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its 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 business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter last year, the firm posted $1.36 EPS. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business 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. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.28%. Archer-Daniels-Midland's dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its board has approved a stock repurchase program 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 programs are often a sign 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.