HighPoint Advisor Group LLC Purchases New Shares in Archer-Daniels-Midland Company (NYSE:ADM)

HighPoint Advisor Group LLC acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,806 shares of the company’s stock, valued at approximately $708,000.

Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter valued at approximately $28,000. Tompkins Financial Corp acquired a new stake in shares of Archer-Daniels-Midland during the third quarter worth $28,000. Operose Advisors LLC purchased a new position in Archer-Daniels-Midland in the 3rd quarter valued at $30,000. EdgeRock Capital LLC acquired a new position in Archer-Daniels-Midland in the 4th quarter valued at $35,000. Finally, Sachetta LLC purchased a new position in Archer-Daniels-Midland during the 4th quarter worth $38,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the sale, the insider now directly owns 8,555 shares in the company, valued at approximately $519,545.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Down 0.4 %

ADM opened at $59.91 on Wednesday. The business’s fifty day simple moving average is $61.08 and its 200 day simple moving average is $61.97. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30. The firm has a market cap of $29.62 billion, a P/E ratio of 10.51 and a beta of 0.75. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. The business had revenue of $21.85 billion during the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.09 earnings per share. As a group, equities research analysts anticipate that Archer-Daniels-Midland Company will post 5.61 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its board has approved a share buyback program on Tuesday, March 12th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 35.09%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, March 13th. Citigroup increased their target price on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Bank of America decreased their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Finally, BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $67.50.

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.