Bank of New York Mellon Corp Increases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Bank of New York Mellon Corp lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,092,552 shares of the company's stock after buying an additional 46,901 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.65% of Archer-Daniels-Midland worth $156,236,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp raised its position in shares of Archer-Daniels-Midland by 3.3% during the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company's stock valued at $1,914,408,000 after buying an additional 1,018,256 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 worth $1,160,755,000 after buying an additional 5,702,451 shares during the period. Pacer Advisors Inc. increased its position in 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 acquiring an additional 2,296,193 shares during the last quarter. FMR LLC lifted its stake in Archer-Daniels-Midland by 33.9% in the third 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, Charles Schwab Investment Management Inc. boosted its stake in shares of Archer-Daniels-Midland by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company's stock valued at $215,533,000 after purchasing an additional 63,883 shares during the period. Institutional investors own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent research reports. Citigroup boosted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Morgan Stanley reduced 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 report on Tuesday, February 11th. Barclays lowered 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. Bank of America reduced their price objective 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. Finally, Stephens reduced their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of "Hold" and an average target price of $54.89.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock traded down $0.30 on Monday, reaching $46.90. The company's stock had a trading volume of 337,931 shares, compared to its average volume of 3,690,595. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08. The company has a market capitalization of $22.50 billion, a P/E ratio of 13.00, a PEG ratio of 1.54 and a beta of 0.72. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $49.17 and a 200-day moving average price of $53.92.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 earnings per share. Analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland announced that its board has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.35%. Archer-Daniels-Midland's dividend payout ratio is currently 56.51%.

Archer-Daniels-Midland 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.