Franklin Resources Inc. Buys 14,966 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Franklin Resources Inc. raised its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 294,360 shares of the company's stock after buying an additional 14,966 shares during the period. Franklin Resources Inc. owned about 0.06% of Archer-Daniels-Midland worth $14,871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its position in Archer-Daniels-Midland by 33.6% in the third quarter. Janus Henderson Group PLC now owns 185,101 shares of the company's stock worth $11,048,000 after purchasing an additional 46,511 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Archer-Daniels-Midland by 19.1% in the third quarter. Quantinno Capital Management LP now owns 34,925 shares of the company's stock worth $2,086,000 after buying an additional 5,607 shares during the last quarter. National Bank of Canada FI grew its position in Archer-Daniels-Midland by 72.1% during the third quarter. National Bank of Canada FI now owns 326,741 shares of the company's stock valued at $19,519,000 after buying an additional 136,932 shares during the period. XTX Topco Ltd purchased a new stake in Archer-Daniels-Midland during the third quarter valued at approximately $212,000. Finally, Orion Portfolio Solutions LLC raised its position in Archer-Daniels-Midland by 15.2% in the third quarter. Orion Portfolio Solutions LLC now owns 33,602 shares of the company's stock worth $2,007,000 after acquiring an additional 4,425 shares during the period. 78.28% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

ADM has been the topic of several analyst reports. Barclays lowered their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. BMO Capital Markets lowered their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Bank of America decreased 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 note on Tuesday, February 11th. Morgan Stanley dropped their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Finally, Stephens reduced their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two equities research 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 a consensus rating of "Hold" and a consensus target price of $53.63.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM traded up $1.26 during midday trading on Friday, reaching $45.74. 3,950,332 shares of the company were exchanged, compared to its average volume of 3,641,923. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock has a market cap of $21.94 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. The business's fifty day moving average is $46.52 and its two-hundred day moving average is $50.97. Archer-Daniels-Midland Company has a one year low of $40.98 and a one year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations of $22.77 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business's revenue 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 year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.46%. Archer-Daniels-Midland's dividend payout ratio (DPR) is 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.