Strategic Financial Concepts LLC Acquires Shares of 19,900 Archer-Daniels-Midland Company (NYSE:ADM)

Strategic Financial Concepts LLC purchased a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,900 shares of the company's stock, valued at approximately $1,005,000.

A number of other large investors have also made changes to their positions in the company. Mather Group LLC. grew its stake in shares of Archer-Daniels-Midland by 10.6% during the 4th quarter. Mather Group LLC. now owns 244,539 shares of the company's stock valued at $12,354,000 after purchasing an additional 23,378 shares during the period. Burford Brothers Inc. grew its stake in shares of Archer-Daniels-Midland by 12.5% during the 4th quarter. Burford Brothers Inc. now owns 12,645 shares of the company's stock valued at $639,000 after purchasing an additional 1,406 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Archer-Daniels-Midland by 1.1% during the 4th quarter. DAVENPORT & Co LLC now owns 21,283 shares of the company's stock valued at $1,075,000 after purchasing an additional 226 shares during the period. Clear Creek Financial Management LLC bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at about $211,000. Finally, Mediolanum International Funds Ltd grew its stake in shares of Archer-Daniels-Midland by 46.6% during the 4th quarter. Mediolanum International Funds Ltd now owns 269,441 shares of the company's stock valued at $13,458,000 after acquiring an additional 85,592 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BMO Capital Markets cut 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 note on Wednesday, February 5th. Barclays cut their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Citigroup boosted their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley cut their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $55.11.

Archer-Daniels-Midland Price Performance

NYSE ADM traded up $0.41 during trading hours on Friday, reaching $46.12. The company's stock had a trading volume of 3,382,066 shares, compared to its average volume of 3,699,266. The company has a market capitalization of $22.07 billion, a price-to-earnings ratio of 12.77 and a beta of 0.72. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08. The firm's 50-day moving average price is $50.06 and its 200-day moving average price is $54.83. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37.

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 (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS. On average, equities research analysts predict that Archer-Daniels-Midland Company will post 4.53 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.42%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio is 55.40%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are 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.