Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Csenge Advisory Group

Csenge Advisory Group boosted its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 60.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,954 shares of the company’s stock after purchasing an additional 13,598 shares during the period. Csenge Advisory Group’s holdings in Archer-Daniels-Midland were worth $1,816,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in Archer-Daniels-Midland by 3.3% in 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 in the last quarter. Wellington Management Group LLP increased its holdings in Archer-Daniels-Midland by 41.5% in 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 purchasing an additional 5,702,451 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after purchasing an additional 2,296,193 shares in the last quarter. FMR LLC increased its holdings in Archer-Daniels-Midland by 33.9% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Archer-Daniels-Midland by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock valued at $215,533,000 after acquiring an additional 63,883 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $46.12 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08. The company’s 50-day simple moving average is $50.06 and its 200-day simple moving average is $54.78. The stock has a market capitalization of $22.07 billion, a price-to-earnings ratio of 12.77 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter last year, the company posted $1.36 earnings per share. Archer-Daniels-Midland’s revenue was down 6.4% on a year-over-year basis. Equities analysts anticipate that Archer-Daniels-Midland Company will post 4.53 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a $0.51 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.42%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 56.51%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stephens lowered their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley lowered their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Bank of America lowered their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. Barclays lowered their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Finally, Citigroup raised their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.11.

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.