abrdn plc Acquires 105,361 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

abrdn plc lifted its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 32.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 425,311 shares of the company's stock after acquiring an additional 105,361 shares during the quarter. abrdn plc owned 0.08% of Archer-Daniels-Midland worth $30,716,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jeppson Wealth Management LLC grew its stake in Archer-Daniels-Midland by 3.3% during the 4th quarter. Jeppson Wealth Management LLC now owns 4,738 shares of the company's stock worth $342,000 after buying an additional 151 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Archer-Daniels-Midland by 1.0% in the third quarter. Park Avenue Securities LLC now owns 16,850 shares of the company's stock worth $1,271,000 after purchasing an additional 172 shares in the last quarter. Strengthening Families & Communities LLC grew its stake in shares of Archer-Daniels-Midland by 37.3% in the third quarter. Strengthening Families & Communities LLC now owns 641 shares of the company's stock worth $48,000 after purchasing an additional 174 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Archer-Daniels-Midland by 34.5% in the third quarter. GHP Investment Advisors Inc. now owns 701 shares of the company's stock worth $51,000 after purchasing an additional 180 shares in the last quarter. Finally, Modera Wealth Management LLC grew its stake in shares of Archer-Daniels-Midland by 3.9% in the third quarter. Modera Wealth Management LLC now owns 4,883 shares of the company's stock worth $368,000 after purchasing an additional 182 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADM. BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $66.00 to $60.00 and set a "market perform" rating for the company in a report on Wednesday, March 13th. Argus lowered Archer-Daniels-Midland from a "buy" rating to a "hold" rating in a report on Tuesday, January 23rd. Roth Capital lowered Archer-Daniels-Midland from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. Bank of America cut their price objective on Archer-Daniels-Midland from $85.00 to $74.00 and set a "neutral" rating for the company in a report on Thursday, March 14th. Finally, Robert W. Baird downgraded Archer-Daniels-Midland from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $96.00 to $61.00 in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of "Hold" and an average target price of $67.50.

Archer-Daniels-Midland Stock Down 1.1 %

ADM stock traded down $0.70 during mid-day trading on Tuesday, hitting $61.80. The stock had a trading volume of 3,195,195 shares, compared to its average volume of 6,029,632. 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 Company has a 1-year low of $50.72 and a 1-year high of $87.30. The company has a fifty day moving average of $58.46 and a 200 day moving average of $65.48. The stock has a market capitalization of $31.01 billion, a price-to-earnings ratio of 9.65 and a beta of 0.77.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.07). The company had revenue of $22.98 billion for the quarter, compared to analyst estimates of $23.79 billion. Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The business's revenue was down 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.93 EPS. On average, equities analysts expect that Archer-Daniels-Midland Company will post 5.48 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 12th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were issued a dividend of $0.50 per share. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.24%. Archer-Daniels-Midland's dividend payout ratio is currently 31.25%.

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.