Harbor Advisors LLC Invests $217,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Harbor Advisors LLC purchased a new position in Archer-Daniels-Midland Company (NYSE:ADM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,000 shares of the company’s stock, valued at approximately $217,000.

Other large investors have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in Archer-Daniels-Midland in the 3rd quarter worth about $28,000. Tompkins Financial Corp bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $28,000. Legacy Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $30,000. Operose Advisors LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $30,000. Finally, Strengthening Families & Communities LLC grew its stake in shares of Archer-Daniels-Midland by 37.3% during the 3rd quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock valued at $48,000 after purchasing an additional 174 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of a number of recent research reports. Barclays downgraded Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 price target for the company. in a research note on Monday, January 22nd. Bank of America dropped their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Robert W. Baird downgraded Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $96.00 to $61.00 in a research note on Monday, January 22nd. Stifel Nicolaus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating and dropped their price target for the stock from $116.00 to $56.00 in a research note on Monday, January 22nd. Finally, Citigroup upped their price target 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. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM traded down $0.71 during midday trading on Tuesday, reaching $61.79. The company’s stock had a trading volume of 3,195,134 shares, compared to its average volume of 6,029,632. The firm has a market capitalization of $31.00 billion, a PE ratio of 9.65 and a beta of 0.77. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The stock has a fifty day moving average of $58.46 and a 200 day moving average of $65.48. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $22.98 billion during the quarter, compared to analyst estimates of $23.79 billion. During the same quarter in the previous year, the company earned $1.93 EPS. The firm’s revenue was down 11.4% compared to the same quarter last year. On average, equities analysts expect that Archer-Daniels-Midland Company will post 5.48 EPS for the current fiscal year.

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

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 7th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.24%. Archer-Daniels-Midland’s dividend payout ratio is 31.25%.

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.