Generali Asset Management SPA SGR Acquires New Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Generali Asset Management SPA SGR purchased a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 16,248 shares of the company's stock, valued at approximately $821,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock worth $1,914,408,000 after purchasing an additional 1,018,256 shares during the last quarter. Wellington Management Group LLP lifted its holdings 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 worth $1,160,755,000 after buying an additional 5,702,451 shares during the period. Pacer Advisors Inc. grew its position in shares of Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock worth $524,531,000 after buying an additional 2,296,193 shares during the last quarter. FMR LLC raised its holdings 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 valued at $237,757,000 after acquiring an additional 1,007,494 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Archer-Daniels-Midland by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company's stock worth $195,813,000 after acquiring an additional 268,102 shares during the period. Institutional investors own 78.28% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have commented on ADM shares. Barclays decreased their price objective on shares of 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 raised their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. BMO Capital Markets reduced their target price on 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. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Finally, Stephens decreased their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $53.63.

Archer-Daniels-Midland Stock Down 0.3 %

Shares of NYSE:ADM traded down $0.14 on Monday, hitting $45.96. 3,991,626 shares of the company traded hands, compared to its average volume of 3,447,925. The company has a market cap of $22.05 billion, a PE ratio of 12.73, a PEG ratio of 1.54 and a beta of 0.67. The stock has a 50 day simple moving average of $48.20 and a 200-day simple moving average of $52.48. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

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 the consensus estimate 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 business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, research analysts expect 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 repurchase plan on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm 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 is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.44%. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 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.