American Century Companies Inc. Grows Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

American Century Companies Inc. increased its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 443,113 shares of the company's stock after buying an additional 53,351 shares during the quarter. American Century Companies Inc. owned about 0.09% of Archer-Daniels-Midland worth $22,386,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC grew its holdings in Archer-Daniels-Midland by 33.9% during the 3rd 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. Townsquare Capital LLC boosted its position in shares of Archer-Daniels-Midland by 24.4% during the third quarter. Townsquare Capital LLC now owns 10,212 shares of the company's stock valued at $610,000 after buying an additional 2,005 shares during the period. Glenmede Trust Co. NA raised its holdings in shares of Archer-Daniels-Midland by 47.2% in the third quarter. Glenmede Trust Co. NA now owns 23,578 shares of the company's stock worth $1,409,000 after buying an additional 7,558 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Archer-Daniels-Midland by 4.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 18,804 shares of the company's stock worth $1,123,000 after acquiring an additional 800 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Archer-Daniels-Midland by 178.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 606,213 shares of the company's stock valued at $36,215,000 after acquiring an additional 388,433 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have weighed in on ADM. Citigroup increased their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Stephens lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Bank of America reduced their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research report on Tuesday, February 11th. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley reduced their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of "Hold" and an average target price of $53.63.

Archer-Daniels-Midland Stock Down 0.9 %

NYSE:ADM traded down $0.44 during trading hours on Wednesday, reaching $47.77. The company's stock had a trading volume of 1,088,076 shares, compared to its average volume of 4,565,305. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The company has a market capitalization of $22.92 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The stock has a 50 day moving average price of $47.77 and a two-hundred day moving average price of $51.97. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. During the same period in the previous year, the company posted $1.36 EPS. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. Equities analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.27%. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

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.