Vanguard Group Inc. Boosts Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Vanguard Group Inc. raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,359,269 shares of the company's stock after buying an additional 706,567 shares during the period. Vanguard Group Inc. owned about 13.03% of Archer-Daniels-Midland worth $3,150,390,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Fairway Wealth LLC acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $25,000. Raleigh Capital Management Inc. lifted its stake in Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after buying an additional 357 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter worth approximately $28,000. ST Germain D J Co. Inc. raised its position in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock valued at $29,000 after purchasing an additional 500 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth $30,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock traded down $0.41 during midday trading on Friday, reaching $47.87. The company's stock had a trading volume of 2,077,417 shares, compared to its average volume of 3,606,957. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. Archer-Daniels-Midland Company has a fifty-two week low of $44.92 and a fifty-two week high of $66.08. The firm has a market capitalization of $22.97 billion, a PE ratio of 13.26, a P/E/G ratio of 1.54 and a beta of 0.67. The stock's 50 day simple moving average is $47.89 and its 200 day simple moving average is $52.19.

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Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The firm's revenue was down 6.4% on a year-over-year basis. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

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

Archer-Daniels-Midland Increases Dividend

The company also recently announced 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 represents a $2.04 dividend on an annualized basis and a yield of 4.26%. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is presently 56.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ADM shares. BMO Capital Markets reduced their target price on shares of 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. Citigroup upped their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Morgan Stanley dropped their target price 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. Bank of America decreased their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a report on Tuesday, February 11th. Finally, Stephens dropped their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $53.63.

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.