Wellington Management Group LLP Boosts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Wellington Management Group LLP boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,152,539 shares of the company’s stock after purchasing an additional 1,722,428 shares during the period. Wellington Management Group LLP owned about 4.41% of Archer-Daniels-Midland worth $1,068,626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. raised its holdings in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after purchasing an additional 357 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Archer-Daniels-Midland in the 4th quarter worth about $28,000. ST Germain D J Co. Inc. boosted its stake in shares of Archer-Daniels-Midland by 724.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after purchasing an additional 500 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at about $30,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 0.3 %

Shares of NYSE ADM opened at $48.02 on Tuesday. The company has a market cap of $23.04 billion, a PE ratio of 13.30, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The firm’s 50 day moving average price is $47.83 and its 200-day moving average price is $52.06. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. During the same period last year, the business posted $1.36 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

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

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

Analysts Set New Price Targets

Several analysts have weighed in on ADM shares. Morgan Stanley cut their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Citigroup upped their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Bank of America lowered their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, February 11th. Stephens decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, BMO Capital Markets dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus target price of $53.63.

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.