Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by M&T Bank Corp

M&T Bank Corp boosted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 8.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 39,825 shares of the company’s stock after acquiring an additional 2,980 shares during the quarter. M&T Bank Corp’s holdings in Archer-Daniels-Midland were worth $2,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ADM. Ashton Thomas Securities LLC acquired a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $26,000. Peterson Financial Group Inc. purchased a new position in Archer-Daniels-Midland in the third quarter worth $28,000. Raleigh Capital Management Inc. lifted its holdings in Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 357 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth $28,000. Finally, ST Germain D J Co. Inc. grew its stake in shares of Archer-Daniels-Midland by 724.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ADM. Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets decreased their price target on 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. Stephens dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley reduced their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Finally, Barclays lowered their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $54.89.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock opened at $49.46 on Monday. 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 fifty-two week low of $44.92 and a fifty-two week high of $66.08. The stock has a fifty day moving average of $48.83 and a two-hundred day moving average of $53.50. The company has a market capitalization of $23.73 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share 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 firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter in the previous year, the company posted $1.36 EPS. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts anticipate 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 authorized a stock buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.12%. Archer-Daniels-Midland’s dividend payout ratio is presently 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.