Kiker Wealth Management LLC Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

Kiker Wealth Management LLC bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,774 shares of the company's stock, valued at approximately $544,000.

A number of other institutional investors have also recently added to or reduced their stakes in ADM. State Street Corp grew its stake in shares of Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock worth $1,914,408,000 after purchasing an additional 1,018,256 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock valued at $1,160,755,000 after buying an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Archer-Daniels-Midland by 28.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after buying an additional 2,296,193 shares during the period. FMR LLC raised its position in shares of Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company's stock worth $237,757,000 after acquiring an additional 1,007,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Archer-Daniels-Midland by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company's stock valued at $195,813,000 after acquiring an additional 268,102 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADM. Bank of America dropped their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday, February 11th. Citigroup upped their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Barclays lowered their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Stephens cut their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Morgan Stanley dropped 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 research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $53.63.

Archer-Daniels-Midland Stock Up 0.3 %

Shares of NYSE ADM traded up $0.15 during midday trading on Tuesday, hitting $46.08. 3,853,046 shares of the stock traded hands, compared to its average volume of 3,447,649. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08. The business has a 50 day moving average price of $48.20 and a two-hundred day moving average price of $52.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The company has a market cap of $22.10 billion, a PE ratio of 12.76, a P/E/G ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion for 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 was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 earnings per share. On average, equities analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. This is a positive change 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 4.43%. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is currently 56.51%.

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.