Proficio Capital Partners LLC Acquires New Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Proficio Capital Partners LLC bought a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 171,750 shares of the company’s stock, valued at approximately $8,677,000.

A number of other institutional investors have also recently modified their holdings of the stock. Harbor Capital Advisors Inc. bought a new stake in Archer-Daniels-Midland during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Archer-Daniels-Midland during the third quarter valued at approximately $26,000. Peterson Financial Group Inc. bought a new stake in shares of Archer-Daniels-Midland during the third quarter valued at approximately $28,000. Raleigh Capital Management Inc. raised its holdings in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Archer-Daniels-Midland in the 4th quarter valued at approximately $28,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ADM shares. Citigroup boosted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley dropped their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Stephens lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Barclays cut their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $54.89.

Archer-Daniels-Midland Stock Up 1.5 %

ADM opened at $47.27 on Monday. The firm’s 50 day simple moving average is $49.17 and its two-hundred day simple moving average is $53.92. The company has a market capitalization of $22.68 billion, a PE ratio of 13.10, a PEG ratio of 1.54 and a beta of 0.72. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 earnings per share. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.32%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is currently 56.51%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors 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.