Prudential Financial Inc. Has $19.70 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Prudential Financial Inc. lessened its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 55.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 389,933 shares of the company's stock after selling 482,048 shares during the period. Prudential Financial Inc. owned about 0.08% of Archer-Daniels-Midland worth $19,699,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Archer-Daniels-Midland by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock worth $3,150,390,000 after purchasing an additional 706,567 shares in the last quarter. Community Bank N.A. increased its holdings in shares of Archer-Daniels-Midland by 18.1% during the fourth quarter. Community Bank N.A. now owns 29,671 shares of the company's stock worth $1,499,000 after buying an additional 4,546 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $22,109,000. Sei Investments Co. boosted its holdings in shares of Archer-Daniels-Midland by 5.5% during the 4th quarter. Sei Investments Co. now owns 144,957 shares of the company's stock valued at $7,323,000 after acquiring an additional 7,503 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Archer-Daniels-Midland by 13.7% in the 4th quarter. American Century Companies Inc. now owns 443,113 shares of the company's stock worth $22,386,000 after purchasing an additional 53,351 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

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Archer-Daniels-Midland Trading Up 0.3 %

Shares of ADM stock traded up $0.15 during mid-day trading on Monday, hitting $48.02. The company's stock had a trading volume of 3,041,081 shares, compared to its average volume of 3,604,704. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The company's fifty day simple moving average is $47.83 and its 200-day simple moving average is $52.06. The company has a market cap of $23.04 billion, a PE ratio of 13.30, a P/E/G ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company's revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 earnings per share. As a group, equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.25%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

Archer-Daniels-Midland declared that its board has initiated a share buyback program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ADM shares. Stephens reduced their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. BMO Capital Markets reduced their target price on shares of 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. Citigroup raised their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Morgan Stanley decreased their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Finally, Bank of America cut their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $53.63.

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.