Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by Advisory Alpha LLC

Advisory Alpha LLC increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,952 shares of the company’s stock after acquiring an additional 216 shares during the quarter. Advisory Alpha LLC’s holdings in Archer-Daniels-Midland were worth $402,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ADM. Summit Trail Advisors LLC bought a new stake in shares of Archer-Daniels-Midland in the 2nd quarter worth approximately $251,000. Public Sector Pension Investment Board increased its position in Archer-Daniels-Midland by 52.2% in the second quarter. Public Sector Pension Investment Board now owns 18,004 shares of the company’s stock worth $1,088,000 after buying an additional 6,171 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Archer-Daniels-Midland by 50.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 96,105 shares of the company’s stock valued at $5,810,000 after buying an additional 32,223 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Archer-Daniels-Midland during the second quarter valued at $145,000. Finally, AQR Capital Management LLC increased its holdings in shares of Archer-Daniels-Midland by 73.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock worth $170,960,000 after acquiring an additional 1,199,992 shares during the period. Institutional investors own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ADM shares. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $63.00 to $54.00 in a research report on Tuesday, January 14th. Citigroup increased their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Stephens started coverage on Archer-Daniels-Midland in a research report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price target for the company. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Finally, BMO Capital Markets reduced their price objective on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.89.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock opened at $50.55 on Thursday. Archer-Daniels-Midland Company has a 52 week low of $48.40 and a 52 week high of $66.08. 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 stock has a market cap of $24.19 billion, a PE ratio of 14.44 and a beta of 0.72. The company’s 50-day moving average price is $51.70 and its two-hundred day moving average price is $56.64.

Archer-Daniels-Midland declared that its board has initiated a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

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.