Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 990,812 shares of the company’s stock after acquiring an additional 24,577 shares during the quarter. Van ECK Associates Corp’s holdings in Archer-Daniels-Midland were worth $50,056,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after buying an additional 1,018,256 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Archer-Daniels-Midland by 41.5% in the third 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 in the last quarter. Pacer Advisors Inc. grew its stake in shares of Archer-Daniels-Midland by 28.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after buying an additional 2,296,193 shares in the last quarter. FMR LLC grew its stake in shares of Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after buying 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% in 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 buying an additional 63,883 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 1.2 %

Shares of NYSE ADM opened at $45.78 on Friday. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 12.68 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.44 and a quick ratio of 0.84. The business has a 50-day moving average of $50.29 and a two-hundred day moving average of $55.01. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly 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. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 EPS. On average, analysts forecast that Archer-Daniels-Midland Company will post 4.53 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its board has approved a share buyback program on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.46%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is 55.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley dropped their price objective 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. Stephens dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Bank of America decreased their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday. Citigroup lifted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, Barclays decreased their target price on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus price target 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.