Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp boosted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187,582 shares of the company’s stock after acquiring an additional 23,679 shares during the quarter. Cibc World Markets Corp’s holdings in Archer-Daniels-Midland were worth $9,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ADM. AustralianSuper Pty Ltd lifted its holdings in shares of Archer-Daniels-Midland by 26.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock worth $87,409,000 after purchasing an additional 360,844 shares during the period. Amundi lifted its stake in shares of Archer-Daniels-Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company’s stock worth $123,340,000 after acquiring an additional 894,562 shares during the period. Hickory Point Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $1,217,000. Proficio Capital Partners LLC acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth about $8,677,000. Finally, Aigen Investment Management LP raised its holdings in Archer-Daniels-Midland by 127.7% during the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock worth $2,372,000 after purchasing an additional 26,329 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of analyst reports. Stephens lowered their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup upped their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Morgan Stanley reduced their target price 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. Bank of America lowered 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. Finally, Barclays cut 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 investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus target price of $53.63.

Archer-Daniels-Midland Trading Down 0.6 %

NYSE:ADM opened at $47.70 on Wednesday. The company has a market capitalization of $22.88 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08. The stock has a fifty day simple moving average of $48.55 and a 200-day simple moving average of $52.88. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly 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 company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter in the prior year, the firm earned $1.36 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

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

Archer-Daniels-Midland Increases Dividend

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