Sei Investments Co. Acquires 7,503 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Sei Investments Co. grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,957 shares of the company's stock after buying an additional 7,503 shares during the quarter. Sei Investments Co.'s holdings in Archer-Daniels-Midland were worth $7,323,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ADM. AustralianSuper Pty Ltd raised its position in Archer-Daniels-Midland by 26.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock worth $87,409,000 after acquiring an additional 360,844 shares in the last quarter. Amundi raised its holdings in shares of Archer-Daniels-Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after purchasing an additional 894,562 shares during the period. Hickory Point Bank & Trust acquired a new stake in Archer-Daniels-Midland in the 4th quarter valued at about $1,217,000. Semanteon Capital Management LP bought a new position in Archer-Daniels-Midland during the fourth quarter worth about $614,000. Finally, Aigen Investment Management LP raised its stake in Archer-Daniels-Midland by 127.7% in the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock valued at $2,372,000 after buying an additional 26,329 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Bank of America cut their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a research note on Tuesday, February 11th. Stephens reduced their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Morgan Stanley lowered 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 note on Tuesday, February 11th. BMO Capital Markets decreased their price objective 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. Finally, Barclays reduced their target price on shares of 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 research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $53.63.

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Archer-Daniels-Midland Price Performance

Shares of ADM traded down $4.25 during mid-day trading on Friday, reaching $43.32. The company had a trading volume of 6,801,971 shares, compared to its average volume of 3,610,646. The company has a market capitalization of $20.78 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 1.54 and a beta of 0.66. 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 50 day simple moving average is $47.51 and its 200 day simple moving average is $51.74. Archer-Daniels-Midland Company has a 1-year low of $43.01 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $22.77 billion. During the same period in the previous 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. Analysts expect 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 $0.51 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.71%. Archer-Daniels-Midland's dividend payout ratio is currently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are 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.