SageView Advisory Group LLC Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

SageView Advisory Group LLC acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,353 shares of the company’s stock, valued at approximately $314,000.

Several other hedge funds have also recently added to or reduced their stakes in ADM. Wellington Management Group LLP boosted its position in shares of Archer-Daniels-Midland by 11.1% in the fourth quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock valued at $1,106,830,000 after acquiring an additional 1,532,284 shares during the period. Northern Trust Corp raised its stake in Archer-Daniels-Midland by 1.9% during the 3rd quarter. Northern Trust Corp now owns 13,303,791 shares of the company’s stock valued at $1,003,372,000 after purchasing an additional 252,486 shares during the last quarter. Morgan Stanley boosted its holdings in Archer-Daniels-Midland by 41.8% in the 3rd quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock valued at $651,737,000 after purchasing an additional 2,547,232 shares during the period. First Trust Advisors LP increased its holdings in shares of Archer-Daniels-Midland by 3.5% during the 4th quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock worth $468,591,000 after purchasing an additional 217,459 shares during the period. Finally, Norges Bank acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at about $420,457,000. Institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADM. Jefferies Financial Group lowered their price target on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, March 13th. Bank of America cut their target price on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. Finally, Citigroup raised their price objective on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Down 0.4 %

Shares of ADM opened at $59.91 on Thursday. The company has a market capitalization of $29.62 billion, a P/E ratio of 10.51 and a beta of 0.75. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30. The business’s 50 day simple moving average is $61.00 and its 200-day simple moving average is $61.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.88.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The company had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. During the same quarter in the previous year, the firm earned $2.09 earnings per share. The business’s revenue was down 9.2% on a year-over-year basis. As a group, sell-side analysts predict that Archer-Daniels-Midland Company will post 5.61 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Archer-Daniels-Midland declared that its board has initiated a share repurchase plan on Tuesday, March 12th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 6.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the sale, the insider now owns 8,555 shares of the company’s stock, valued at $519,545.15. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.

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.