Planned Solutions Inc. Invests $98,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Planned Solutions Inc. acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,360 shares of the company’s stock, valued at approximately $98,000.

Several other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Archer-Daniels-Midland during the fourth quarter worth about $525,111,000. Morgan Stanley raised its holdings in shares of Archer-Daniels-Midland by 41.8% in the third quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock worth $651,737,000 after acquiring an additional 2,547,232 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Archer-Daniels-Midland in the 1st quarter valued at about $105,741,000. State Street Corp raised its position in shares of Archer-Daniels-Midland by 4.4% in the second quarter. State Street Corp now owns 31,364,445 shares of the company’s stock valued at $2,369,897,000 after buying an additional 1,314,810 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Archer-Daniels-Midland by 73.7% in the 1st quarter. Deutsche Bank AG now owns 2,935,163 shares of the company’s stock valued at $233,815,000 after acquiring an additional 1,245,194 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of several recent analyst reports. Citigroup began coverage on Archer-Daniels-Midland in a report on Thursday, February 1st. They issued a “neutral” rating and a $57.00 price target for the company. StockNews.com downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Stifel Nicolaus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating and reduced their price objective for the company from $116.00 to $56.00 in a research note on Monday, January 22nd. Roth Mkm downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $98.00 to $66.00 in a research note on Monday, January 22nd. Finally, Roth Capital lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $67.00.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $62.99 on Thursday. The business has a 50 day simple moving average of $56.01 and a 200 day simple moving average of $67.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95. The firm has a market capitalization of $32.12 billion, a price-to-earnings ratio of 9.84 and a beta of 0.75. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). The company had revenue of $22.98 billion for the quarter, compared to the consensus estimate of $23.79 billion. Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.93 earnings per share. On average, equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.58 EPS for the current year.

Archer-Daniels-Midland announced that its board has approved a share repurchase program on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were issued a dividend of $0.50 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Wednesday, February 7th. Archer-Daniels-Midland’s payout ratio is presently 31.25%.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.