14,725 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Purchased by Personal CFO Solutions LLC

Personal CFO Solutions LLC bought a new stake in Archer-Daniels-Midland Company (NYSE:ADM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,725 shares of the company’s stock, valued at approximately $744,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its stake in 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 purchasing an additional 1,018,256 shares in the last quarter. Wellington Management Group LLP lifted its position 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 during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock worth $524,531,000 after acquiring an additional 2,296,193 shares during the period. FMR LLC grew its holdings in Archer-Daniels-Midland by 33.9% in the 3rd 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. increased its position in Archer-Daniels-Midland by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company’s stock worth $195,813,000 after acquiring an additional 268,102 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Up 2.9 %

NYSE:ADM opened at $49.46 on Monday. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08. The firm’s 50-day moving average price is $48.83 and its 200-day moving average price is $53.50. The company has a market capitalization of $23.73 billion, a PE ratio of 13.70, 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 current ratio of 1.39 and a quick ratio of 0.81.

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

Archer-Daniels-Midland announced that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is currently 56.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays decreased their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Bank of America cut 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 report on Tuesday, February 11th. BMO Capital Markets dropped their price objective on 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. Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Morgan Stanley lowered 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, February 11th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $54.89.

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.