Barclays PLC Has $89.74 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Barclays PLC raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 52.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,502,158 shares of the company's stock after acquiring an additional 514,005 shares during the quarter. Barclays PLC owned about 0.31% of Archer-Daniels-Midland worth $89,738,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADM. Harbor Capital Advisors Inc. acquired a new position in Archer-Daniels-Midland during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at about $26,000. Altshuler Shaham Ltd bought a new position in shares of Archer-Daniels-Midland in the 2nd quarter valued at approximately $28,000. Peterson Financial Group Inc. acquired a new stake in Archer-Daniels-Midland in the 3rd quarter worth approximately $28,000. Finally, Sachetta LLC boosted its position in Archer-Daniels-Midland by 39.8% during the second quarter. Sachetta LLC now owns 737 shares of the company's stock worth $46,000 after purchasing an additional 210 shares during the period. 78.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADM has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating for the company in a research note on Wednesday, December 4th. Barclays cut their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating for the company in a research report on Wednesday, December 4th. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 12th. UBS Group boosted their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Finally, Stephens started coverage on Archer-Daniels-Midland in a report on Wednesday. They issued an "equal weight" rating and a $55.00 target price on the stock. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $60.62.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock traded up $0.17 on Thursday, hitting $53.09. The company's stock had a trading volume of 2,795,487 shares, compared to its average volume of 4,148,451. Archer-Daniels-Midland Company has a one year low of $48.92 and a one year high of $77.35. The firm has a market cap of $25.41 billion, a P/E ratio of 15.13 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average price of $54.75 and a 200-day moving average price of $58.76.

Archer-Daniels-Midland announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.77%. Archer-Daniels-Midland's payout ratio is currently 57.14%.

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.