Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 75.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,236 shares of the company's stock after acquiring an additional 9,968 shares during the quarter. Gateway Investment Advisers LLC's holdings in Archer-Daniels-Midland were worth $1,174,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock valued at $1,914,408,000 after purchasing an additional 1,018,256 shares during the period. Wellington Management Group LLP boosted its position in Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock valued at $1,160,755,000 after buying an additional 5,702,451 shares during the period. Pacer Advisors Inc. grew its stake in Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company's stock worth $483,084,000 after acquiring an additional 489,554 shares in the last quarter. FMR LLC increased its position in shares of Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company's stock worth $237,757,000 after acquiring an additional 1,007,494 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Archer-Daniels-Midland by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company's stock valued at $215,533,000 after acquiring an additional 63,883 shares in the last quarter. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock traded up $0.22 on Friday, hitting $51.23. The company's stock had a trading volume of 3,234,014 shares, compared to its average volume of 2,508,151. The company has a market capitalization of $24.52 billion, a price-to-earnings ratio of 14.64 and a beta of 0.72. The firm has a fifty day moving average price of $51.73 and a 200-day moving average price of $56.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. Archer-Daniels-Midland Company has a 1 year low of $48.40 and a 1 year high of $68.85.

Archer-Daniels-Midland announced that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to repurchase 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.90%. Archer-Daniels-Midland's dividend payout ratio (DPR) is 57.14%.

Analysts Set New Price Targets

Several research analysts recently issued reports on ADM shares. Stephens began coverage on Archer-Daniels-Midland in a research note on Wednesday, December 11th. They issued an "equal weight" rating and a $55.00 price objective on the stock. Morgan Stanley cut 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 note on Tuesday, November 12th. Barclays lowered their price objective on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating for the company in a research note on Wednesday, December 4th. Bank of America downgraded shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and cut their target price for the company from $63.00 to $54.00 in a research report on Tuesday, January 14th. Finally, BMO Capital Markets lowered their price target on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating for the company in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $59.08.

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.