Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,144 shares of the company’s stock after buying an additional 350 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $664,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of Archer-Daniels-Midland by 11.7% during the second quarter. American Century Companies Inc. now owns 277,696 shares of the company’s stock valued at $16,787,000 after purchasing an additional 29,184 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Archer-Daniels-Midland by 547.9% in the 2nd quarter. Federated Hermes Inc. now owns 19,289 shares of the company’s stock valued at $1,166,000 after acquiring an additional 16,312 shares in the last quarter. Edgestream Partners L.P. grew its position in Archer-Daniels-Midland by 110.0% during the 2nd quarter. Edgestream Partners L.P. now owns 22,132 shares of the company’s stock worth $1,338,000 after purchasing an additional 11,594 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Archer-Daniels-Midland by 18.4% in the second quarter. Amalgamated Bank now owns 130,674 shares of the company’s stock valued at $7,899,000 after purchasing an additional 20,278 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Archer-Daniels-Midland by 22.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 48,785 shares of the company’s stock worth $2,890,000 after acquiring an additional 8,944 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 0.4 %

Archer-Daniels-Midland stock opened at $51.23 on Friday. The firm has a market capitalization of $24.52 billion, a PE ratio of 14.64 and a beta of 0.72. The business’s 50-day simple moving average is $51.75 and its 200-day simple moving average is $56.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. Archer-Daniels-Midland Company has a 52 week low of $48.40 and a 52 week high of $68.85.

Archer-Daniels-Midland declared that its board has approved a stock buyback 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 generally an indication that the company’s board of directors believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were given 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 3.90%. Archer-Daniels-Midland’s dividend payout ratio is 57.14%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. 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. Citigroup lifted their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Barclays cut their price objective on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a report on Wednesday, December 4th. Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $63.00 to $54.00 in a research note on Tuesday. Finally, Stephens initiated coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price target for the company. Two equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus target price of $59.08.

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.