Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,803 shares of the company’s stock after acquiring an additional 1,352 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Archer-Daniels-Midland were worth $2,567,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Pacer Advisors Inc. increased its stake in Archer-Daniels-Midland by 15,790.1% during the 2nd quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after buying an additional 7,549,083 shares in the last quarter. Wellington Management Group LLP boosted its position in Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after acquiring an additional 5,702,451 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Archer-Daniels-Midland by 73.6% in the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock valued at $170,960,000 after purchasing an additional 1,199,992 shares in the last quarter. State Street Corp increased its stake in shares of Archer-Daniels-Midland by 3.3% in the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after acquiring an additional 1,018,256 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Archer-Daniels-Midland by 33.9% during the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after acquiring an additional 1,007,494 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ADM. Barclays decreased their target price on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a report on Wednesday, December 4th. Citigroup lifted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Stephens started coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price target for the company. Morgan Stanley decreased their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Finally, Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $63.00 to $54.00 in a research report on Tuesday. Two analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and an average price target of $59.08.

Archer-Daniels-Midland Trading Down 1.7 %

Shares of ADM stock opened at $51.26 on Wednesday. The company has a market capitalization of $24.53 billion, a P/E ratio of 14.65 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $51.82 and its two-hundred day moving average is $57.02. Archer-Daniels-Midland Company has a twelve month low of $48.40 and a twelve month high of $69.85.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.90%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 57.14%.

Archer-Daniels-Midland announced that its board has approved a stock buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.