HTLF Bank Takes $296,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

HTLF Bank purchased a new stake in Archer-Daniels-Midland Company (NYSE:ADM) in the 4th quarter, Holdings Channel reports. The firm purchased 4,092 shares of the company’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PCA Investment Advisory Services Inc. acquired a new position in Archer-Daniels-Midland in the 2nd quarter worth $25,000. Orion Capital Management LLC acquired a new position in Archer-Daniels-Midland in the 3rd quarter worth $28,000. Tompkins Financial Corp bought a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $28,000. Legacy Financial Group LLC bought a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $30,000. Finally, Operose Advisors LLC bought a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ADM shares. Jefferies Financial Group cut 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 report on Wednesday, March 13th. Bank of America dropped their target price on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Barclays cut shares of Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 target price on the stock. in a report on Monday, January 22nd. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a report on Wednesday, March 13th. Finally, Roth Capital cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and an average price target of $67.50.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $62.60 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $31.41 billion, a price-to-earnings ratio of 9.78 and a beta of 0.77. The firm’s 50 day simple moving average is $58.28 and its 200 day simple moving average is $65.67. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.07). Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The firm had revenue of $22.98 billion for the quarter, compared to analyst estimates of $23.79 billion. During the same quarter in the prior year, the business posted $1.93 EPS. The business’s revenue was down 11.4% on a year-over-year basis. As a group, research analysts expect that Archer-Daniels-Midland Company will post 5.5 earnings per share for the current fiscal year.

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

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 3.19%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 31.25%.

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.