Cibc World Markets Corp Grows Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Cibc World Markets Corp lifted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 187,582 shares of the company’s stock after buying an additional 23,679 shares during the quarter. Cibc World Markets Corp’s holdings in Archer-Daniels-Midland were worth $9,477,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. increased its stake in Archer-Daniels-Midland by 179.4% during the 4th 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 period. Stonebridge Financial Group LLC acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $28,000. ST Germain D J Co. Inc. boosted its position in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after buying an additional 500 shares during the period. Finally, Crews Bank & Trust acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter worth $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Citigroup increased 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. BMO Capital Markets decreased their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Stephens cut their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Bank of America reduced their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, February 11th. Finally, Barclays lowered their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.63.

Archer-Daniels-Midland Stock Down 0.6 %

Shares of NYSE:ADM opened at $47.70 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $48.55 and a 200-day simple moving average of $52.88. The company has a market capitalization of $22.88 billion, a PE ratio of 13.21, a P/E/G ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data 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 company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.51 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.28%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is currently 56.51%.

Archer-Daniels-Midland Company 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.