Archer-Daniels-Midland Company (NYSE:ADM) Stake Raised by Cibc World Markets Corp

Cibc World Markets Corp grew its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,582 shares of the company's stock after purchasing an additional 23,679 shares during the quarter. Cibc World Markets Corp's holdings in Archer-Daniels-Midland were worth $9,477,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ADM. Verity & Verity LLC boosted its holdings in shares of Archer-Daniels-Midland by 0.6% during the third quarter. Verity & Verity LLC now owns 157,885 shares of the company's stock valued at $9,432,000 after acquiring an additional 971 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $1,594,000. Segall Bryant & Hamill LLC bought a new position in Archer-Daniels-Midland in the 3rd quarter worth about $699,000. First Horizon Advisors Inc. boosted its position in shares of Archer-Daniels-Midland by 32.2% during the third quarter. First Horizon Advisors Inc. now owns 14,681 shares of the company's stock worth $877,000 after buying an additional 3,577 shares during the period. Finally, Cornerstone Advisors LLC grew its holdings in Archer-Daniels-Midland by 4.3% in the 3rd quarter. Cornerstone Advisors LLC now owns 19,300 shares of the company's stock worth $1,153,000 after buying an additional 800 shares in the last quarter. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock traded down $0.32 during mid-day trading on Friday, hitting $46.21. The company's stock had a trading volume of 50,983,285 shares, compared to its average volume of 3,449,692. The stock has a market capitalization of $22.16 billion, a P/E ratio of 12.80, a P/E/G ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The stock's fifty day moving average price is $48.32 and its two-hundred day moving average price is $52.69. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

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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 analysts' consensus estimates 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 business 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 EPS. The company's quarterly revenue was down 6.4% on a year-over-year basis. Research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

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

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.42%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

Analyst Ratings Changes

Several research firms have recently issued reports on ADM. Barclays decreased their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Monday, February 24th. Morgan Stanley lowered their target price on shares of 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. Citigroup upped their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Bank of America lowered 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 research note on Tuesday, February 11th. Finally, BMO Capital Markets cut their target price on 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. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $53.63.

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.