Madison Investment Advisors LLC Purchases New Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Madison Investment Advisors LLC acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 162,900 shares of the company's stock, valued at approximately $8,230,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in Archer-Daniels-Midland in the fourth quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Archer-Daniels-Midland in the third quarter worth about $28,000. Raleigh Capital Management Inc. grew its holdings in Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after acquiring an additional 357 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in Archer-Daniels-Midland during the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of analyst reports. Bank of America dropped their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research note on Tuesday, February 11th. Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Morgan Stanley dropped their target price 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, Barclays lowered their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of "Hold" and an average price target of $53.63.

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Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock traded down $0.29 during midday trading on Tuesday, reaching $47.70. The company had a trading volume of 3,739,933 shares, compared to its average volume of 3,298,400. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a 12-month low of $44.92 and a 12-month high of $66.08. The company has a market capitalization of $22.88 billion, a P/E ratio of 13.21, a P/E/G ratio of 1.54 and a beta of 0.67. The firm's fifty day simple moving average is $48.58 and its 200-day simple moving average is $52.97.

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 business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter last year, the business posted $1.36 earnings per share. The business's quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. 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 4.28%. Archer-Daniels-Midland's dividend payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its board has authorized a stock buyback program on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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.