Merit Financial Group LLC Buys 555 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Merit Financial Group LLC lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 11.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,344 shares of the company’s stock after purchasing an additional 555 shares during the quarter. Merit Financial Group LLC’s holdings in Archer-Daniels-Midland were worth $270,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ADM. Wellington Management Group LLP grew its stake in Archer-Daniels-Midland by 41.5% in the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares during the period. State Street Corp grew its position in Archer-Daniels-Midland by 3.3% in the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after purchasing an additional 1,018,256 shares during the period. FMR LLC increased its stake in 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 purchasing an additional 1,007,494 shares in the last quarter. Barclays PLC raised its holdings in Archer-Daniels-Midland by 52.0% during the third quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock worth $89,738,000 after buying an additional 514,005 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Archer-Daniels-Midland by 6.4% during the third quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock valued at $483,084,000 after buying an additional 489,554 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on ADM. Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $63.00 to $54.00 in a report on Tuesday, January 14th. Stephens started coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 target price on the stock. Barclays decreased their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets dropped their price target on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average target price of $56.89.

Read Our Latest Analysis on Archer-Daniels-Midland

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $50.52 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The company has a market capitalization of $24.17 billion, a PE ratio of 14.43 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $48.40 and a 52-week high of $66.08. The company has a 50-day simple moving average of $51.58 and a 200 day simple moving average of $56.47.

Archer-Daniels-Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were issued 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 dividend yield of 3.96%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Archer-Daniels-Midland announced that its board has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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