Csenge Advisory Group Acquires 13,598 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Csenge Advisory Group boosted its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 60.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,954 shares of the company's stock after buying an additional 13,598 shares during the period. Csenge Advisory Group's holdings in Archer-Daniels-Midland were worth $1,816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of 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 purchasing an additional 5,702,451 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after purchasing an additional 2,296,193 shares during the period. State Street Corp raised its holdings in shares of Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock valued at $1,914,408,000 after purchasing an additional 1,018,256 shares during the period. FMR LLC raised its holdings in shares of Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company's stock valued at $237,757,000 after purchasing an additional 1,007,494 shares during the period. Finally, Barclays PLC raised its holdings in shares of 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 during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Up 1.1 %

ADM stock traded up $0.51 during trading on Thursday, reaching $46.55. The stock had a trading volume of 2,704,185 shares, compared to its average volume of 3,602,780. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $49.68 and its two-hundred day moving average is $54.47. The company has a market capitalization of $22.27 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 1.46 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, 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 business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the prior year, the firm posted $1.36 EPS. The firm's quarterly revenue was down 6.4% compared to the same quarter last year. Equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.38%. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Bank of America dropped their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday, February 11th. Stephens decreased their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets decreased 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 research report on Wednesday, February 5th. Morgan Stanley decreased their target price 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, Barclays decreased 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 report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $55.11.

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.