abrdn plc Grows Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

abrdn plc raised its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 32.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 425,311 shares of the company’s stock after purchasing an additional 105,361 shares during the quarter. abrdn plc owned 0.08% of Archer-Daniels-Midland worth $30,716,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in Archer-Daniels-Midland during the third quarter worth approximately $28,000. Tompkins Financial Corp bought a new position in shares of Archer-Daniels-Midland during the 3rd quarter valued at approximately $28,000. Legacy Financial Group LLC purchased a new stake in Archer-Daniels-Midland during the 3rd quarter valued at $30,000. Operose Advisors LLC bought a new stake in Archer-Daniels-Midland in the third quarter worth $30,000. Finally, Strengthening Families & Communities LLC boosted its stake in Archer-Daniels-Midland by 37.3% during the third quarter. Strengthening Families & Communities LLC now owns 641 shares of the company’s stock worth $48,000 after buying an additional 174 shares during the period. 78.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ADM. Roth Mkm cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $98.00 to $66.00 in a research note on Monday, January 22nd. Barclays downgraded Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 price target on the stock. in a report on Monday, January 22nd. Roth Capital lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. TheStreet downgraded Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Finally, StockNews.com downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $67.50.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $62.50 on Tuesday. The stock’s 50-day simple moving average is $58.46 and its 200-day simple moving average is $65.48. The firm has a market capitalization of $31.36 billion, a price-to-earnings ratio of 9.77 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The firm had revenue of $22.98 billion for the quarter, compared to analyst estimates of $23.79 billion. During the same period last year, the firm earned $1.93 EPS. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 31.25%.

About Archer-Daniels-Midland

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.