LSV Asset Management Raises Stake in Archer-Daniels-Midland Company (NYSE:ADM)

LSV Asset Management raised its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,557,441 shares of the company's stock after purchasing an additional 162,145 shares during the quarter. LSV Asset Management owned 0.48% of Archer-Daniels-Midland worth $184,698,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB boosted its stake in Archer-Daniels-Midland by 12.8% in the 4th quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company's stock worth $88,534,000 after purchasing an additional 139,064 shares during the period. Canada Pension Plan Investment Board grew its stake in Archer-Daniels-Midland by 3.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,072,606 shares of the company's stock valued at $80,896,000 after acquiring an additional 31,700 shares in the last quarter. Pathstone Family Office LLC increased its holdings in Archer-Daniels-Midland by 543.2% in the 3rd quarter. Pathstone Family Office LLC now owns 28,000 shares of the company's stock valued at $2,112,000 after acquiring an additional 23,647 shares during the last quarter. Artemis Investment Management LLP lifted its stake in 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, Allspring Global Investments Holdings LLC boosted its holdings in shares of Archer-Daniels-Midland by 17.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 599,717 shares of the company's stock valued at $43,312,000 after purchasing an additional 87,752 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Trading Down 0.3 %

ADM stock traded down $0.18 during trading on Friday, hitting $59.17. The company had a trading volume of 3,273,862 shares, compared to its average volume of 3,743,537. The firm has a market capitalization of $29.26 billion, a P/E ratio of 10.38 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 1.47 and a debt-to-equity ratio of 0.35. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30. The company has a 50 day simple moving average of $59.63 and a 200-day simple moving average of $64.75.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm had revenue of $21.85 billion during the quarter, compared to the consensus estimate of $22.26 billion. During the same quarter in the previous year, the firm posted $2.09 earnings per share. The company's revenue was down 9.2% on a year-over-year basis. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 5.58 earnings per share for the current fiscal year.

Archer-Daniels-Midland announced that its board has authorized a share buyback program on Tuesday, March 12th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Wednesday, May 15th. Archer-Daniels-Midland's payout ratio is 35.09%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ADM shares. Barclays downgraded Archer-Daniels-Midland from an "overweight" rating to an "underweight" rating and set a $60.00 target price on the stock. in a research report on Monday, January 22nd. Roth Capital cut shares of Archer-Daniels-Midland from a "buy" rating to a "neutral" rating in a research report on Monday, January 22nd. Bank of America lowered their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a "neutral" rating for the company in a report on Thursday, March 14th. StockNews.com downgraded Archer-Daniels-Midland from a "buy" rating to a "hold" rating in a research report on Monday, January 22nd. Finally, Citigroup lifted their target price on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of "Hold" and an average target price of $67.50.

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.