Oppenheimer & Co. Inc. Buys 9,216 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Oppenheimer & Co. Inc. boosted its stake in Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 22.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,697 shares of the company’s stock after purchasing an additional 9,216 shares during the period. Oppenheimer & Co. Inc.’s holdings in Archer-Daniels-Midland were worth $3,661,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. WealthPlan Investment Management LLC increased its stake in shares of Archer-Daniels-Midland by 46.6% during the third quarter. WealthPlan Investment Management LLC now owns 118,650 shares of the company’s stock valued at $8,949,000 after buying an additional 37,696 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $1,336,000. Spire Wealth Management raised its stake in Archer-Daniels-Midland by 17.4% in the third quarter. Spire Wealth Management now owns 2,956 shares of the company’s stock worth $223,000 after buying an additional 439 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Archer-Daniels-Midland by 18.8% in the third quarter. Atria Wealth Solutions Inc. now owns 23,932 shares of the company’s stock worth $1,805,000 after buying an additional 3,791 shares during the period. Finally, D.A. Davidson & CO. boosted its position in Archer-Daniels-Midland by 2.0% during the 3rd quarter. D.A. Davidson & CO. now owns 34,837 shares of the company’s stock valued at $2,627,000 after acquiring an additional 692 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

ADM has been the subject of a number of research reports. BMO Capital Markets decreased their price objective on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. Jefferies Financial Group decreased their target price on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday, March 13th. Bank of America cut 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. Citigroup lifted their price objective on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, TheStreet downgraded Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.50.

Check Out Our Latest Stock Report on ADM

Insider Activity at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $519,545.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $61.30 on Friday. The firm’s 50 day moving average price is $61.42 and its 200-day moving average price is $62.79. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $30.31 billion, a PE ratio of 10.75 and a beta of 0.75. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) 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 analysts’ expectations of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The business’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.09 earnings per share. Equities research analysts expect that Archer-Daniels-Midland Company will post 5.61 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. Archer-Daniels-Midland’s payout ratio is 35.09%.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share buyback program on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to buy up to 6.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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