Heritage Wealth Management Inc. Has $586,000 Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Heritage Wealth Management Inc. cut its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 21.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,592 shares of the company’s stock after selling 3,215 shares during the period. Heritage Wealth Management Inc.’s holdings in Archer-Daniels-Midland were worth $586,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in Archer-Daniels-Midland during the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland during the third quarter worth about $26,000. Peterson Financial Group Inc. acquired a new stake in Archer-Daniels-Midland during the third quarter worth about $28,000. Raleigh Capital Management Inc. grew its stake in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after buying an additional 357 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in Archer-Daniels-Midland during the fourth quarter worth about $28,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Up 1.5 %

Shares of NYSE ADM opened at $47.27 on Friday. The company has a 50 day simple moving average of $49.17 and a 200 day simple moving average of $53.95. The firm has a market cap of $22.68 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.54 and a beta of 0.72. 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.

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

Archer-Daniels-Midland declared that its board has initiated a stock repurchase program on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board 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 issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.32%. 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ADM shares. Barclays reduced their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Bank of America reduced their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock 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 on the stock in a research note on Tuesday, February 11th. Citigroup raised 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 note on Wednesday, December 4th. Finally, BMO Capital Markets reduced 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. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $54.89.

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.