Empowered Funds LLC Has $10.65 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Empowered Funds LLC raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 364.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 210,888 shares of the company's stock after acquiring an additional 165,438 shares during the quarter. Empowered Funds LLC's holdings in Archer-Daniels-Midland were worth $10,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. purchased a new position in Archer-Daniels-Midland in the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in Archer-Daniels-Midland during the 3rd quarter valued at approximately $26,000. Peterson Financial Group Inc. acquired a new stake in shares of Archer-Daniels-Midland during the third quarter worth $28,000. Raleigh Capital Management Inc. grew its holdings in shares of Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after buying an additional 357 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock worth $29,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Up 1.2 %

Shares of NYSE ADM traded up $0.56 during mid-day trading on Thursday, reaching $45.78. The company had a trading volume of 5,554,988 shares, compared to its average volume of 3,675,868. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08. The stock has a market cap of $21.91 billion, a P/E ratio of 12.68 and a beta of 0.72. The firm has a 50 day simple moving average of $50.29 and a two-hundred day simple moving average of $55.01.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly 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 firm had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS. Sell-side analysts predict that Archer-Daniels-Midland Company will post 4.53 earnings per share for the current year.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.46%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is 55.40%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ADM shares. Citigroup increased their price objective on 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 price target 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. Stephens reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. BMO Capital Markets lowered their price target 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, Bank of America decreased their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of "Hold" and an average target price of $55.11.

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.