AdvisorShares Investments LLC Takes $414,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

AdvisorShares Investments LLC acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,733 shares of the company’s stock, valued at approximately $414,000.

Other hedge funds also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Tompkins Financial Corp bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Operose Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $30,000. EdgeRock Capital LLC bought a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at $35,000. Finally, Sachetta LLC bought a new stake in Archer-Daniels-Midland during the 4th quarter valued at $38,000. Institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the sale, the insider now directly owns 8,555 shares of the company’s stock, valued at $519,545.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of a number of recent research reports. TheStreet lowered shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Bank of America decreased their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, March 13th. Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group cut their price objective on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM traded up $0.13 during midday trading on Friday, reaching $61.30. The company had a trading volume of 3,185,803 shares, compared to its average volume of 5,395,212. The company’s 50 day moving average price is $61.42 and its 200 day moving average price is $62.79. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. The stock has a market cap of $30.31 billion, a P/E ratio of 10.75 and a beta of 0.75. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The company’s revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 earnings per share. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 5.61 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock buyback plan on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

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.