Kingsview Wealth Management LLC Acquires 4,678 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Kingsview Wealth Management LLC grew its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 13.3% during the fourth quarter, HoldingsChannel reports. The firm owned 39,799 shares of the company’s stock after buying an additional 4,678 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $2,011,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in shares of Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after buying an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after purchasing an additional 2,296,193 shares during the last quarter. State Street Corp increased its position in shares of 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. FMR LLC lifted its holdings in Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after buying an additional 1,007,494 shares during the period. Finally, Barclays PLC boosted its position in Archer-Daniels-Midland by 52.0% during the third quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock valued at $89,738,000 after acquiring an additional 514,005 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Up 0.8 %

ADM opened at $46.13 on Tuesday. Archer-Daniels-Midland Company has a fifty-two week low of $45.01 and a fifty-two week high of $66.08. The firm has a market capitalization of $22.08 billion, a PE ratio of 12.78 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.44 and a quick ratio of 0.84. The company’s 50-day moving average is $50.72 and its 200 day moving average is $55.33.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same period last year, the company posted $1.36 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, research analysts predict that Archer-Daniels-Midland Company will post 4.53 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its board has authorized a stock repurchase program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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 given a $0.51 dividend. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 55.40%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ADM shares. Barclays dropped their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Bank of America cut Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $63.00 to $54.00 in a report on Tuesday, January 14th. Stephens lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley reduced their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Finally, BMO Capital Markets dropped their price objective 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. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $56.33.

Archer-Daniels-Midland 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.