Sei Investments Co. Increases Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Sei Investments Co. increased its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 5.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 144,957 shares of the company’s stock after acquiring an additional 7,503 shares during the period. Sei Investments Co.’s holdings in Archer-Daniels-Midland were worth $7,323,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley cut their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. BMO Capital Markets lowered their target price on 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. Barclays cut their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Stephens lowered their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, 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. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $53.63.

Archer-Daniels-Midland Stock Up 0.3 %

ADM stock opened at $48.02 on Tuesday. The company has a fifty day moving average price of $47.83 and a 200 day moving average price of $52.06. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08. The company has a market cap of $23.04 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.36 earnings per share. Sell-side analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

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

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

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.