Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Fmr LLC

FMR LLC lifted its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,017,104 shares of the company's stock after purchasing an additional 37,237 shares during the period. FMR LLC owned about 0.84% of Archer-Daniels-Midland worth $202,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland during the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. grew its stake in 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 acquiring an additional 357 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at about $28,000. ST Germain D J Co. Inc. lifted its position in shares of Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock worth $29,000 after buying an additional 500 shares in the last quarter. Finally, Crews Bank & Trust bought a new stake in Archer-Daniels-Midland in the 4th quarter worth approximately $30,000. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ADM has been the topic of a number of research reports. Stephens reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Barclays dropped their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Citigroup dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday. Bank of America upgraded shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and cut their price target for the company from $48.00 to $47.00 in a report on Tuesday. Finally, Morgan Stanley dropped their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland has an average rating of "Hold" and an average target price of $52.75.

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Archer-Daniels-Midland Stock Up 0.4 %

Shares of ADM traded up $0.19 during midday trading on Wednesday, reaching $46.26. 4,132,249 shares of the stock were exchanged, compared to its average volume of 3,641,597. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The company's 50 day moving average is $46.53 and its two-hundred day moving average is $50.78. The company has a market capitalization of $22.19 billion, a P/E ratio of 12.81, a PEG ratio of 1.54 and a beta of 0.66.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same period last year, the firm earned $1.36 earnings per share. The company's quarterly revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.41%. Archer-Daniels-Midland's dividend payout ratio is currently 56.51%.

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.