Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Laurel Wealth Planning LLC

Laurel Wealth Planning LLC raised its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 172.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,447 shares of the company's stock after buying an additional 22,447 shares during the period. Archer-Daniels-Midland comprises 1.2% of Laurel Wealth Planning LLC's holdings, making the stock its 27th biggest holding. Laurel Wealth Planning LLC's holdings in Archer-Daniels-Midland were worth $1,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock valued at $1,160,755,000 after buying an additional 5,702,451 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after acquiring an additional 2,296,193 shares during the period. State Street Corp increased its holdings in shares of Archer-Daniels-Midland by 3.3% in the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company's stock valued at $1,914,408,000 after acquiring an additional 1,018,256 shares during the period. FMR LLC lifted its stake in shares of Archer-Daniels-Midland by 33.9% during 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 last quarter. Finally, Barclays PLC boosted its position in Archer-Daniels-Midland by 52.0% during the third quarter. Barclays PLC now owns 1,502,158 shares of the company's stock valued at $89,738,000 after purchasing an additional 514,005 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Stock Performance

NYSE:ADM traded up $1.75 during midday trading on Friday, hitting $48.30. The company's stock had a trading volume of 5,484,763 shares, compared to its average volume of 3,658,133. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.44 and a quick ratio of 0.84. Archer-Daniels-Midland Company has a fifty-two week low of $44.92 and a fifty-two week high of $66.08. The firm's 50 day moving average is $49.55 and its 200-day moving average is $54.42. The firm has a market cap of $23.11 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.47 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS. Equities analysts anticipate 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 authorized a share repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.51 dividend. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is currently 56.51%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ADM. Stephens lowered their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. 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 research note on Tuesday, February 11th. Morgan Stanley dropped their price target on 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. Barclays lowered their target price on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. Finally, BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $55.11.

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.