Archer-Daniels-Midland Company (NYSE:ADM) Stock Holdings Raised by Allworth Financial LP

Allworth Financial LP raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 9.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,648 shares of the company’s stock after purchasing an additional 232 shares during the period. Allworth Financial LP’s holdings in Archer-Daniels-Midland were worth $134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ADM. Foundations Investment Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter worth about $288,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Archer-Daniels-Midland by 8.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,183 shares of the company’s stock valued at $489,000 after buying an additional 647 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Archer-Daniels-Midland by 7.9% in the 3rd quarter. Private Advisor Group LLC now owns 30,440 shares of the company’s stock valued at $1,834,000 after buying an additional 2,225 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Archer-Daniels-Midland by 31.9% in the 3rd quarter. Ballentine Partners LLC now owns 7,283 shares of the company’s stock valued at $435,000 after buying an additional 1,762 shares during the period. Finally, Lake Street Advisors Group LLC boosted its holdings in shares of Archer-Daniels-Midland by 4.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 4,015 shares of the company’s stock valued at $240,000 after buying an additional 183 shares during the period. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on ADM shares. Citigroup lifted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Barclays decreased their price target on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Bank of America decreased their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, February 11th. Finally, Stephens reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.11.

Archer-Daniels-Midland Trading Up 3.8 %

Archer-Daniels-Midland stock opened at $48.30 on Monday. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $49.47 and a two-hundred day moving average price of $54.30. The firm has a market capitalization of $23.11 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.48 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS. Sell-side analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a $0.51 dividend. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is currently 56.51%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share repurchase program 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. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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.