VisionPoint Advisory Group LLC Makes New $200,000 Investment in Archer-Daniels-Midland Company (NYSE:ADM)

VisionPoint Advisory Group LLC bought a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the fourth quarter, Holdings Channel.com reports. The fund bought 3,990 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ADM. Blue Trust Inc. grew its stake in Archer-Daniels-Midland by 120.9% in the 3rd quarter. Blue Trust Inc. now owns 4,796 shares of the company’s stock valued at $290,000 after acquiring an additional 2,625 shares during the period. Foundations Investment Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland in the third quarter valued at about $288,000. Sequoia Financial Advisors LLC increased its stake in shares of Archer-Daniels-Midland by 8.6% during the third quarter. Sequoia Financial Advisors LLC now owns 8,183 shares of the company’s stock worth $489,000 after purchasing an additional 647 shares in the last quarter. Eastern Bank acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth about $149,000. Finally, Private Advisor Group LLC lifted its stake in Archer-Daniels-Midland by 7.9% in the 3rd quarter. Private Advisor Group LLC now owns 30,440 shares of the company’s stock valued at $1,834,000 after buying an additional 2,225 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 3.8 %

ADM stock opened at $48.30 on Friday. The firm has a market cap of $23.11 billion, a PE ratio of 13.38, a PEG ratio of 1.47 and a beta of 0.72. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. The firm’s 50 day moving average price is $49.47 and its 200-day moving average price is $54.35.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 EPS. On average, equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.22%. 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 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

ADM has been the topic of several research reports. Morgan Stanley decreased their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Citigroup raised their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Barclays dropped their target price on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. 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, Bank of America dropped 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. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus 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.