Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 17.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 599,717 shares of the company's stock after buying an additional 87,752 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.11% of Archer-Daniels-Midland worth $43,312,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in Archer-Daniels-Midland by 12.8% in the fourth quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company's stock worth $88,534,000 after buying an additional 139,064 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Archer-Daniels-Midland by 3.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,072,606 shares of the company's stock worth $80,896,000 after acquiring an additional 31,700 shares during the last quarter. Pathstone Family Office LLC boosted its stake in Archer-Daniels-Midland by 543.2% during the 3rd quarter. Pathstone Family Office LLC now owns 28,000 shares of the company's stock valued at $2,112,000 after purchasing an additional 23,647 shares during the last quarter. Artemis Investment Management LLP increased its holdings in shares of Archer-Daniels-Midland by 12.3% in the 4th quarter. Artemis Investment Management LLP now owns 733,113 shares of the company's stock worth $52,946,000 after purchasing an additional 80,245 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Archer-Daniels-Midland by 34.7% in the third quarter. International Assets Investment Management LLC now owns 4,189 shares of the company's stock worth $320,000 after purchasing an additional 1,078 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on ADM shares. StockNews.com downgraded Archer-Daniels-Midland from a "buy" rating to a "hold" rating in a report on Monday, January 22nd. Argus downgraded shares of Archer-Daniels-Midland from a "buy" rating to a "hold" rating in a research report on Tuesday, January 23rd. Stifel Nicolaus cut Archer-Daniels-Midland from a "buy" rating to a "hold" rating and lowered their price target for the company from $116.00 to $56.00 in a report on Monday, January 22nd. UBS Group reaffirmed a "neutral" rating and issued a $51.00 price objective (down previously from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. Finally, Robert W. Baird downgraded Archer-Daniels-Midland from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $96.00 to $61.00 in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $67.50.

Archer-Daniels-Midland Stock Performance

NYSE ADM traded down $1.62 on Friday, reaching $60.96. 3,412,648 shares of the stock were exchanged, compared to its average volume of 6,257,763. The firm has a market capitalization of $31.08 billion, a PE ratio of 9.55 and a beta of 0.77. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30. The company's 50-day simple moving average is $57.36 and its two-hundred day simple moving average is $66.28. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.07). Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The firm had revenue of $22.98 billion for the quarter, compared to analysts' expectations of $23.79 billion. During the same quarter last year, the firm posted $1.93 EPS. The firm's quarterly revenue was down 11.4% compared to the same quarter last year. Analysts expect that Archer-Daniels-Midland Company will post 5.48 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Wednesday, February 7th. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.45. Archer-Daniels-Midland's dividend payout ratio (DPR) is 31.25%.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share buyback program on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to buy up to 6.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

About Archer-Daniels-Midland

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.