Millstone Evans Group LLC Invests $76,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Millstone Evans Group LLC purchased a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,500 shares of the company’s stock, valued at approximately $76,000.

Other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth $25,000. Raleigh Capital Management Inc. lifted its holdings 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 purchasing an additional 357 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth $28,000. ST Germain D J Co. Inc. raised its stake in Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after buying an additional 500 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in Archer-Daniels-Midland during the fourth quarter worth $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.7 %

ADM opened at $46.21 on Monday. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08. 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 company has a market cap of $22.16 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The company has a fifty day moving average price of $48.32 and a two-hundred day moving average price of $52.58.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly 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. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. Analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.42%. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADM. Bank of America lowered their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. Barclays lowered their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Stephens lowered their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley lowered their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Finally, BMO Capital Markets lowered their target price on shares of 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. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.63.

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.