apricus wealth LLC Boosts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

apricus wealth LLC boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,626 shares of the company’s stock after purchasing an additional 3,940 shares during the period. apricus wealth LLC’s holdings in Archer-Daniels-Midland were worth $2,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP lifted its position in shares of Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after buying an additional 5,702,451 shares during the last quarter. State Street Corp raised its stake in shares of Archer-Daniels-Midland by 3.3% during 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 raised its stake 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 purchasing an additional 1,007,494 shares during the period. Barclays PLC raised its stake in shares of Archer-Daniels-Midland by 52.0% during the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock valued at $89,738,000 after purchasing an additional 514,005 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Archer-Daniels-Midland by 6.4% during the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock valued at $483,084,000 after purchasing an additional 489,554 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.3 %

Shares of ADM stock opened at $50.52 on Friday. The stock 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 1-year low of $48.40 and a 1-year high of $66.08. The business has a 50-day moving average of $51.64 and a 200 day moving average of $56.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were issued 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%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ADM shares. Stephens started coverage on Archer-Daniels-Midland in a research note on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price objective on the stock. BMO Capital Markets decreased their target price on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 4th. Citigroup upped their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Barclays decreased their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Bank of America lowered 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 note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $56.89.

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.