World Investment Advisors LLC Makes New Investment in Archer-Daniels-Midland Company (NYSE:ADM)

World Investment Advisors LLC purchased a new stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,162 shares of the company's stock, valued at approximately $1,204,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its position in Archer-Daniels-Midland by 15,790.1% during the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company's stock valued at $459,232,000 after purchasing an additional 7,549,083 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock valued at $1,160,755,000 after buying an additional 5,702,451 shares during the period. AQR Capital Management LLC increased its stake in shares of Archer-Daniels-Midland by 73.6% in the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company's stock worth $170,960,000 after acquiring an additional 1,199,992 shares during the last quarter. State Street Corp raised its holdings in shares of Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock worth $1,914,408,000 after acquiring an additional 1,018,256 shares in the last quarter. Finally, FMR LLC boosted its position in Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company's stock valued at $237,757,000 after purchasing an additional 1,007,494 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

NYSE:ADM traded down $0.69 during mid-day trading on Monday, hitting $51.71. 2,461,464 shares of the company's stock traded hands, compared to its average volume of 4,134,167. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $54.50 and a two-hundred day moving average of $58.64. The firm has a market capitalization of $24.74 billion, a price-to-earnings ratio of 14.97 and a beta of 0.72. Archer-Daniels-Midland Company has a 12 month low of $48.92 and a 12 month high of $75.60.

Archer-Daniels-Midland announced that its board has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 57.14%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets cut their price target on Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating for the company in a research note on Wednesday, December 4th. Barclays cut their price objective on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating on the stock in a research report on Wednesday, December 4th. Morgan Stanley reduced their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 12th. Stephens began coverage on shares of Archer-Daniels-Midland in a research note on Wednesday, December 11th. They set an "equal weight" rating and a $55.00 price target on the stock. Finally, Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $60.62.

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.