Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Invesco LLC

Invesco LLC raised its position in Archer-Daniels-Midland Company (NYSE:ADM) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,242 shares of the company’s stock after purchasing an additional 211 shares during the quarter. Invesco LLC’s holdings in Archer-Daniels-Midland were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in Archer-Daniels-Midland during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new stake in Archer-Daniels-Midland in the third quarter worth about $26,000. Peterson Financial Group Inc. bought a new position in Archer-Daniels-Midland in the 3rd quarter valued at about $28,000. Raleigh Capital Management Inc. increased its stake in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after buying an additional 357 shares during the period. Finally, ST Germain D J Co. Inc. lifted its stake in shares of Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after acquiring an additional 500 shares during the period. Institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

ADM has been the subject of a number of research analyst reports. Citigroup upped 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. Morgan Stanley dropped their target price 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. BMO Capital Markets decreased their price target 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. Stephens assumed coverage on shares of Archer-Daniels-Midland in a research note on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 price target on the stock. Finally, Bank of America cut Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $63.00 to $54.00 in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.89.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM traded up $0.52 during trading hours on Wednesday, reaching $51.11. The stock had a trading volume of 641,505 shares, compared to its average volume of 2,735,752. The company has a market cap of $24.46 billion, a price-to-earnings ratio of 14.64 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The business’s fifty day moving average is $51.52 and its two-hundred day moving average is $56.19. Archer-Daniels-Midland Company has a twelve month low of $48.40 and a twelve month high of $66.08.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.91%. Archer-Daniels-Midland’s dividend payout ratio is currently 57.14%.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are 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.