Commonwealth Equity Services LLC Increases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Commonwealth Equity Services LLC boosted its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 211,475 shares of the company's stock after purchasing an additional 11,817 shares during the quarter. Commonwealth Equity Services LLC's holdings in Archer-Daniels-Midland were worth $10,684,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. West Financial Advisors LLC raised its holdings in Archer-Daniels-Midland by 10.1% in the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock worth $111,000 after purchasing an additional 201 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Archer-Daniels-Midland by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock valued at $109,000 after acquiring an additional 210 shares in the last quarter. Invesco LLC increased its holdings in shares of Archer-Daniels-Midland by 1.3% during the fourth quarter. Invesco LLC now owns 16,242 shares of the company's stock valued at $821,000 after acquiring an additional 211 shares in the last quarter. Advisor OS LLC increased its holdings in shares of Archer-Daniels-Midland by 4.9% during the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock valued at $231,000 after acquiring an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC increased its holdings in shares of Archer-Daniels-Midland by 2.8% during the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock valued at $402,000 after acquiring an additional 216 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

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Archer-Daniels-Midland Stock Performance

NYSE ADM traded down $0.32 during trading hours on Friday, reaching $46.21. The stock had a trading volume of 50,983,285 shares, compared to its average volume of 3,445,739. The stock has a fifty day moving average of $48.32 and a 200 day moving average of $52.64. The stock has a market cap of $22.16 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $22.77 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. The business's quarterly revenue was down 6.4% compared to the same quarter last year. Sell-side analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland announced that its board has approved a stock buyback program 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. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.42%. The ex-dividend date was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio is currently 56.51%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ADM. Citigroup upped their price objective 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. Stephens cut their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Morgan Stanley cut their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. BMO Capital Markets cut their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Finally, Barclays dropped their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $53.63.

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.