Jones Financial Companies Lllp Increases Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Jones Financial Companies Lllp lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 72.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,037 shares of the company's stock after acquiring an additional 5,065 shares during the period. Jones Financial Companies Lllp's holdings in Archer-Daniels-Midland were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ADM. Wellington Management Group LLP raised its holdings in shares of Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock worth $1,160,755,000 after acquiring an additional 5,702,451 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Archer-Daniels-Midland by 28.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock worth $524,531,000 after acquiring an additional 2,296,193 shares during the period. State Street Corp raised its holdings in shares of Archer-Daniels-Midland by 3.3% during the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company's stock worth $1,914,408,000 after acquiring an additional 1,018,256 shares during the period. FMR LLC raised its holdings in shares of Archer-Daniels-Midland by 33.9% during the 3rd 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, Barclays PLC raised its holdings in shares of Archer-Daniels-Midland by 52.0% during the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company's stock worth $89,738,000 after acquiring an additional 514,005 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Wall Street Analyst Weigh In

ADM has been the topic of several analyst reports. Citigroup lifted their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, December 4th. Bank of America cut their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a research report on Tuesday, February 11th. Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Finally, Barclays cut their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $54.89.

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Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $49.46 on Monday. The company has a market cap of $23.73 billion, a P/E ratio of 13.70, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The stock has a 50-day moving average of $48.83 and a two-hundred day moving average of $53.50. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating 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 company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the previous year, the company posted $1.36 EPS. Archer-Daniels-Midland's revenue was down 6.4% compared to the same quarter last year. As a group, analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland declared that its Board of Directors has approved a share buyback program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, February 18th. This is an increase 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 4.12%. Archer-Daniels-Midland's payout ratio is currently 56.51%.

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.

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