Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC lifted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 8.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,310 shares of the company’s stock after purchasing an additional 6,825 shares during the period. Archer-Daniels-Midland makes up 1.7% of Uncommon Cents Investing LLC’s holdings, making the stock its 8th biggest holding. Uncommon Cents Investing LLC’s holdings in Archer-Daniels-Midland were worth $5,610,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $28,000. Tompkins Financial Corp acquired a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $28,000. Rise Advisors LLC acquired a new position in Archer-Daniels-Midland during the 1st quarter worth approximately $34,000. EdgeRock Capital LLC acquired a new position in Archer-Daniels-Midland during the 4th quarter worth approximately $35,000. Finally, Sachetta LLC acquired a new position in Archer-Daniels-Midland during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on ADM shares. Jefferies Financial Group lowered their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. Citigroup boosted their price target 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. Bank of America lowered 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 report on Thursday, March 14th. Finally, BMO Capital Markets reduced their price objective on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Stock Performance

ADM stock traded up $0.56 on Thursday, hitting $62.69. The company’s stock had a trading volume of 2,680,451 shares, compared to its average volume of 4,380,270. The firm has a 50 day moving average of $60.94 and a two-hundred day moving average of $61.02. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30. The stock has a market cap of $31.00 billion, a price-to-earnings ratio of 11.00 and a beta of 0.74. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm had revenue of $21.85 billion during the quarter, compared to the consensus estimate of $22.26 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. Archer-Daniels-Midland’s revenue for the quarter was down 9.2% on a year-over-year basis. Equities analysts predict that Archer-Daniels-Midland Company will post 5.56 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.00 annualized dividend and a yield of 3.19%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Archer-Daniels-Midland declared that its Board of Directors has approved a share buyback program on Tuesday, March 12th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to buy up to 6.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity 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 on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the transaction, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.

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.