Proficio Capital Partners LLC Has $1.68 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Proficio Capital Partners LLC raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 422.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,730 shares of the company’s stock after acquiring an additional 21,610 shares during the period. Proficio Capital Partners LLC’s holdings in Archer-Daniels-Midland were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in shares of Archer-Daniels-Midland during the first quarter worth about $904,000. Mutual Advisors LLC boosted its position in shares of Archer-Daniels-Midland by 63.5% during the first quarter. Mutual Advisors LLC now owns 25,005 shares of the company’s stock worth $1,571,000 after buying an additional 9,716 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Archer-Daniels-Midland by 11.7% during the first quarter. Daiwa Securities Group Inc. now owns 67,793 shares of the company’s stock worth $4,258,000 after buying an additional 7,078 shares during the period. Nordea Investment Management AB boosted its position in shares of Archer-Daniels-Midland by 11.5% during the first quarter. Nordea Investment Management AB now owns 1,368,281 shares of the company’s stock worth $86,202,000 after buying an additional 141,031 shares during the period. Finally, Hendley & Co. Inc. boosted its position in shares of Archer-Daniels-Midland by 2.2% during the first quarter. Hendley & Co. Inc. now owns 28,145 shares of the company’s stock worth $1,768,000 after buying an additional 600 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ADM shares. Jefferies Financial Group reduced their price target on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Wednesday, March 13th. BMO Capital Markets reduced their price target on 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. Citigroup increased their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Bank of America dropped their price objective on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus target price of $67.50.

Insider Buying and Selling

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the sale, the insider now owns 8,555 shares of the company’s stock, valued at $519,545.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM traded down $0.25 during trading hours on Tuesday, reaching $63.13. 3,917,902 shares of the stock were exchanged, compared to its average volume of 5,282,239. The firm has a market capitalization of $31.21 billion, a price-to-earnings ratio of 11.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30. The stock’s fifty day simple moving average is $61.15 and its 200 day simple moving average is $60.68.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. The company had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.09 earnings per share. Sell-side analysts predict that Archer-Daniels-Midland Company will post 5.56 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 6.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is 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.