FourThought Financial Partners LLC Invests $224,000 in Archer-Daniels-Midland Company (NYSE:ADM)

FourThought Financial Partners LLC acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,426 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in Archer-Daniels-Midland in the 3rd quarter valued at approximately $26,000. Peterson Financial Group Inc. acquired a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $28,000. Raleigh Capital Management Inc. grew its stake in shares of 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 during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth $28,000. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the topic of several recent research reports. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Stephens cut their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Citigroup upped their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Morgan Stanley cut their target price on shares of 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. Finally, Bank of America decreased their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research report 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $54.89.

Archer-Daniels-Midland Stock Down 3.6 %

Archer-Daniels-Midland stock opened at $47.01 on Thursday. The firm has a 50 day moving average price of $49.29 and a two-hundred day moving average price of $54.11. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08. The firm has a market cap of $22.55 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.54 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the previous year, the business earned $1.36 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced 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. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.34%. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.