Sigma Planning Corp Acquires 2,548 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Sigma Planning Corp boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 11.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,603 shares of the company’s stock after purchasing an additional 2,548 shares during the quarter. Sigma Planning Corp’s holdings in Archer-Daniels-Midland were worth $1,293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its holdings in Archer-Daniels-Midland by 8.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,183 shares of the company’s stock valued at $489,000 after acquiring an additional 647 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Archer-Daniels-Midland by 7.9% in the third quarter. Private Advisor Group LLC now owns 30,440 shares of the company’s stock worth $1,834,000 after purchasing an additional 2,225 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Archer-Daniels-Midland by 31.9% in the third quarter. Ballentine Partners LLC now owns 7,283 shares of the company’s stock worth $435,000 after buying an additional 1,762 shares in the last quarter. Lake Street Advisors Group LLC boosted its stake in Archer-Daniels-Midland by 4.8% during the third quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock valued at $240,000 after buying an additional 183 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Archer-Daniels-Midland by 1.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 77,531 shares of the company’s stock valued at $4,652,000 after buying an additional 823 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

ADM has been the topic of several recent research reports. Bank of America decreased their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. Barclays decreased their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday. Morgan Stanley dropped their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Stephens decreased their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Citigroup increased their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $54.89.

Archer-Daniels-Midland Trading Up 0.4 %

ADM opened at $48.41 on Tuesday. The stock’s 50 day moving average price is $49.40 and its 200-day moving average price is $54.23. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. The stock has a market cap of $23.22 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 1.48 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last issued its 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 net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the prior year, the firm earned $1.36 EPS. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders 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 yield of 4.21%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.