Pictet Asset Management Holding SA Raises Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Pictet Asset Management Holding SA grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,932 shares of the company's stock after buying an additional 5,399 shares during the quarter. Pictet Asset Management Holding SA's holdings in Archer-Daniels-Midland were worth $11,263,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ADM. West Financial Advisors LLC increased its position in Archer-Daniels-Midland by 10.1% during the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock valued at $111,000 after acquiring an additional 201 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Archer-Daniels-Midland by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock valued at $109,000 after purchasing an additional 210 shares during the last quarter. Invesco LLC raised its position in Archer-Daniels-Midland by 1.3% in the 4th quarter. Invesco LLC now owns 16,242 shares of the company's stock worth $821,000 after purchasing an additional 211 shares during the period. Advisor OS LLC lifted its stake in Archer-Daniels-Midland by 4.9% in the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock worth $231,000 after purchasing an additional 212 shares during the last quarter. Finally, Advisory Alpha LLC boosted its position in shares of Archer-Daniels-Midland by 2.8% during the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock valued at $402,000 after buying an additional 216 shares during the period. Institutional investors own 78.28% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Stephens reduced their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Barclays cut their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Morgan Stanley dropped their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Finally, Bank of America decreased their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $53.63.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock traded down $4.25 during midday trading on Friday, hitting $43.32. The company had a trading volume of 6,801,971 shares, compared to its average volume of 3,609,600. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12-month low of $43.01 and a 12-month high of $66.08. The stock has a market cap of $20.78 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.54 and a beta of 0.66. The company has a fifty day simple moving average of $47.51 and a 200 day simple moving average of $51.80.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (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 analysts' expectations of $22.77 billion. During the same period last year, the business posted $1.36 earnings per share. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its board has initiated a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 56.51%.

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.