Rahlfs Capital LLC Makes New Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Rahlfs Capital LLC acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,640 shares of the company's stock, valued at approximately $992,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Archer-Daniels-Midland by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock worth $3,150,390,000 after purchasing an additional 706,567 shares during the period. State Street Corp lifted its position in Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock worth $1,914,408,000 after buying an additional 1,018,256 shares during the period. Wellington Management Group LLP grew its holdings in Archer-Daniels-Midland by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after buying an additional 1,722,428 shares during the period. Geode Capital Management LLC increased its stake in shares of Archer-Daniels-Midland by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock valued at $590,305,000 after acquiring an additional 247,647 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position 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 worth $524,531,000 after acquiring an additional 2,296,193 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have weighed in on ADM shares. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Barclays lowered their price target 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. Morgan Stanley reduced their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Finally, Bank of America dropped their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" 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 assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $53.63.

Archer-Daniels-Midland Stock Down 0.3 %

ADM stock traded down $0.13 during midday trading on Thursday, hitting $44.25. 2,496,582 shares of the company's stock were exchanged, compared to its average volume of 3,630,095. The stock has a market capitalization of $21.23 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. 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 firm has a 50 day moving average price of $46.67 and a 200-day moving average price of $51.17. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates 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 firm's revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS. On average, analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's payout ratio is currently 56.51%.

About Archer-Daniels-Midland

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.