LMG Wealth Partners LLC Raises Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

LMG Wealth Partners LLC raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 9.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Lake Street Advisors Group LLC raised its holdings in Archer-Daniels-Midland by 4.8% during the 3rd 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. NorthCrest Asset Manangement LLC raised its holdings in shares of Archer-Daniels-Midland by 4.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 5,125 shares of the company’s stock valued at $306,000 after acquiring an additional 201 shares in the last quarter. West Financial Advisors LLC lifted its stake in Archer-Daniels-Midland by 10.1% in the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company’s stock worth $111,000 after acquiring an additional 201 shares during the period. Hantz Financial Services Inc. boosted its holdings in Archer-Daniels-Midland by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock valued at $109,000 after acquiring an additional 210 shares in the last quarter. Finally, Invesco LLC increased its position in Archer-Daniels-Midland by 1.3% during the 4th quarter. Invesco LLC now owns 16,242 shares of the company’s stock valued at $821,000 after purchasing an additional 211 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 0.4 %

NYSE ADM opened at $46.09 on Thursday. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average price is $49.68 and its 200-day moving average price is $54.47. The stock has a market cap of $22.05 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.47 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS 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 net margin of 2.10% and a return on equity of 10.44%. Archer-Daniels-Midland’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 EPS. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its board has authorized a stock buyback program on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.43%. Archer-Daniels-Midland’s dividend payout ratio is 55.40%.

Analyst Upgrades and Downgrades

ADM has been the subject of several research analyst reports. Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Bank of America cut their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley decreased their target price on 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. Barclays dropped their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Citigroup increased their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $55.11.

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.