Czech National Bank Boosts Position in Archer-Daniels-Midland Company (NYSE:ADM)

Czech National Bank grew its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,671 shares of the company's stock after buying an additional 6,269 shares during the quarter. Czech National Bank's holdings in Archer-Daniels-Midland were worth $5,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Archer-Daniels-Midland Trading Down 0.3 %

ADM traded down $0.14 on Thursday, hitting $51.00. The company had a trading volume of 2,051,120 shares, compared to its average volume of 2,842,222. The company has a market cap of $24.40 billion, a PE ratio of 14.57 and a beta of 0.72. Archer-Daniels-Midland Company has a 12-month low of $48.40 and a 12-month high of $69.51. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $51.78 and its 200 day simple moving average is $56.98.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.92%. Archer-Daniels-Midland's dividend payout ratio is currently 57.14%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays decreased their target price on Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating on the stock in a report on Wednesday, December 4th. Stephens began coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an "equal weight" rating and a $55.00 price target on the stock. BMO Capital Markets decreased their price target on Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating on the stock in a report on Wednesday, December 4th. Morgan Stanley decreased their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 12th. Finally, Citigroup raised their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $59.08.

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.