WealthPLAN Partners LLC Trims Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

WealthPLAN Partners LLC reduced its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,750 shares of the company’s stock after selling 1,568 shares during the quarter. WealthPLAN Partners LLC’s holdings in Archer-Daniels-Midland were worth $1,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after purchasing an additional 5,702,451 shares during the period. Pacer Advisors Inc. grew its stake in Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after acquiring an additional 2,296,193 shares in the last quarter. State Street Corp increased its holdings in Archer-Daniels-Midland by 3.3% during the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after acquiring an additional 1,018,256 shares during the period. FMR LLC lifted its stake in Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after purchasing an additional 1,007,494 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Archer-Daniels-Midland by 52.0% in the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock valued at $89,738,000 after purchasing an additional 514,005 shares during the period. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ADM has been the subject of several recent analyst reports. Morgan Stanley reduced their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research report on Tuesday. BMO Capital Markets lowered their target price 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. Barclays cut their price target on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Stephens cut their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Citigroup raised their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.11.

Read Our Latest Stock Report on Archer-Daniels-Midland

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $46.12 on Friday. The firm has a market cap of $22.07 billion, a price-to-earnings ratio of 12.77 and a beta of 0.72. The company has a 50-day simple moving average of $50.16 and a two-hundred day simple moving average of $54.95. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 12-month low of $44.92 and a 12-month high of $66.08.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last posted its quarterly 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. 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 analyst estimates of $22.77 billion. During the same period last year, the company earned $1.36 EPS. Archer-Daniels-Midland’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities analysts forecast that Archer-Daniels-Midland Company will post 4.53 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is currently 55.40%.

Archer-Daniels-Midland declared that its board has initiated a share repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Archer-Daniels-Midland Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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