Wellington Management Group LLP Buys 1,722,428 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Wellington Management Group LLP grew its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,152,539 shares of the company's stock after buying an additional 1,722,428 shares during the quarter. Wellington Management Group LLP owned approximately 4.41% of Archer-Daniels-Midland worth $1,068,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ADM. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. increased its stake in shares of Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after buying an additional 357 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at about $28,000. ST Germain D J Co. Inc. lifted its position in Archer-Daniels-Midland by 724.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock worth $29,000 after buying an additional 500 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in Archer-Daniels-Midland during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer-Daniels-Midland Trading Down 8.9 %

NYSE:ADM traded down $4.25 during mid-day trading on Friday, hitting $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 debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. Archer-Daniels-Midland Company has a fifty-two week low of $43.01 and a fifty-two week high of $66.08. The firm has a market cap of $20.78 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.54 and a beta of 0.66. The business's fifty day moving average is $47.51 and its two-hundred day moving average is $51.74.

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Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data 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 net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter last year, the firm earned $1.36 EPS. Archer-Daniels-Midland's quarterly revenue 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 share buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication 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 dividend of $0.51 per share. The ex-dividend date 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 yield of 4.71%. Archer-Daniels-Midland's payout ratio is currently 56.51%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ADM. Morgan Stanley reduced their target price on shares of 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. BMO Capital Markets reduced 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. Bank of America dropped their target price 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 decreased their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Barclays lowered 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 equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $53.63.

Archer-Daniels-Midland Company 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.