Heritage Wealth Management Inc. Sells 3,215 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Heritage Wealth Management Inc. decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 21.7% in the 4th quarter, Holdings Channel reports. The firm owned 11,592 shares of the company’s stock after selling 3,215 shares during the quarter. Heritage Wealth Management Inc.’s holdings in Archer-Daniels-Midland were worth $586,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ADM. Harbor Capital Advisors Inc. bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $26,000. Peterson Financial Group Inc. bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Raleigh Capital Management Inc. increased its stake in shares of Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 357 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at $28,000. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Bank of America lowered their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. Morgan Stanley reduced their price target 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 reduced their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Barclays reduced their price target 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. Finally, Citigroup lifted their price target on shares of 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 assigned a hold rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $54.89.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $47.27 on Friday. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The firm has a market cap of $22.68 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.54 and a beta of 0.72. The company has a fifty day moving average price of $49.17 and a 200-day moving average price of $53.95.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the prior year, the business posted $1.36 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, February 18th. 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. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

About Archer-Daniels-Midland

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.