LMG Wealth Partners LLC Buys 5,025 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

LMG Wealth Partners LLC grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 9.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 57,457 shares of the company’s stock after purchasing an additional 5,025 shares during the quarter. LMG Wealth Partners LLC’s holdings in Archer-Daniels-Midland were worth $2,903,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. AustralianSuper Pty Ltd increased its holdings in Archer-Daniels-Midland by 26.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock valued at $87,409,000 after buying an additional 360,844 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $2,339,000. Empower Advisory Group LLC increased its stake in shares of Archer-Daniels-Midland by 6.4% in the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock worth $68,011,000 after purchasing an additional 68,133 shares in the last quarter. Nordea Investment Management AB raised its holdings in Archer-Daniels-Midland by 30.7% in the 4th quarter. Nordea Investment Management AB now owns 2,082,442 shares of the company’s stock worth $105,163,000 after purchasing an additional 489,217 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Archer-Daniels-Midland by 6.4% during the third quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock valued at $483,084,000 after purchasing an additional 489,554 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 0.4 %

Shares of NYSE:ADM opened at $46.09 on Thursday. The company has a 50-day moving average price of $49.68 and a 200 day moving average price of $54.47. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08. The company has a market cap of $22.05 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.47 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last announced 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 return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter in the previous year, the business earned $1.36 EPS. The company’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 55.40%.

Wall Street Analyst Weigh In

ADM has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Morgan Stanley dropped their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Stephens cut their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup raised their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.11.

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.