Archer-Daniels-Midland Company (NYSE:ADM) Stock Holdings Lifted by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC grew its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,257 shares of the company’s stock after purchasing an additional 651 shares during the period. Impact Partnership Wealth LLC’s holdings in Archer-Daniels-Midland were worth $619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ADM. Public Sector Pension Investment Board boosted its holdings in shares of Archer-Daniels-Midland by 52.2% during the second quarter. Public Sector Pension Investment Board now owns 18,004 shares of the company’s stock worth $1,088,000 after purchasing an additional 6,171 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Archer-Daniels-Midland by 50.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 96,105 shares of the company’s stock valued at $5,810,000 after purchasing an additional 32,223 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Archer-Daniels-Midland by 73.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock worth $170,960,000 after purchasing an additional 1,199,992 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of Archer-Daniels-Midland by 226.1% during the 2nd quarter. APG Asset Management N.V. now owns 73,270 shares of the company’s stock valued at $4,133,000 after buying an additional 50,800 shares during the last quarter. Finally, Employees Retirement System of Texas grew its stake in shares of Archer-Daniels-Midland by 38.8% in the 2nd quarter. Employees Retirement System of Texas now owns 40,520 shares of the company’s stock valued at $2,449,000 after buying an additional 11,330 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of recent research reports. Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price target for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Barclays dropped their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday. Citigroup raised their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research note on Wednesday, December 4th. Finally, Stephens started coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 price target on the stock. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.89.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $50.66 on Friday. Archer-Daniels-Midland Company has a 12-month low of $48.40 and a 12-month high of $66.08. The firm has a 50-day moving average price of $51.68 and a two-hundred day moving average price of $56.60. The company has a market capitalization of $24.24 billion, a P/E ratio of 14.47 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.95%. Archer-Daniels-Midland’s dividend payout ratio is 57.14%.

Archer-Daniels-Midland announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is 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.