Fmr LLC Raises Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Fmr LLC raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 0.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,017,104 shares of the company’s stock after acquiring an additional 37,237 shares during the period. Fmr LLC’s holdings in Archer-Daniels-Midland were worth $202,944,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Archer-Daniels-Midland by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company’s stock worth $3,150,390,000 after buying an additional 706,567 shares during the last quarter. Wellington Management Group LLP boosted its position in Archer-Daniels-Midland by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock worth $1,068,626,000 after purchasing an additional 1,722,428 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Archer-Daniels-Midland by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company’s stock worth $590,305,000 after purchasing an additional 247,647 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Archer-Daniels-Midland by 28.4% during 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. Finally, Norges Bank acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $333,521,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM opened at $45.74 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The firm has a market capitalization of $21.94 billion, a PE ratio of 12.67, a P/E/G ratio of 1.54 and a beta of 0.66. The business’s 50 day moving average price is $46.52 and its 200-day moving average price is $50.97.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 EPS. As a group, equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.46%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 56.51%.

Analysts Set New Price Targets

A number of research firms have weighed in on ADM. BMO Capital Markets cut their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Morgan Stanley reduced their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Stephens dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Barclays reduced their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Finally, Bank of America dropped their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and an average price target of $53.63.

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.