Commonwealth Equity Services LLC Has $21.17 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Commonwealth Equity Services LLC raised its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 33.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 293,179 shares of the company's stock after purchasing an additional 72,781 shares during the quarter. Commonwealth Equity Services LLC owned 0.05% of Archer-Daniels-Midland worth $21,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADM. Orion Capital Management LLC purchased a new stake in shares of Archer-Daniels-Midland during the third quarter worth $28,000. Tompkins Financial Corp acquired a new position in shares of Archer-Daniels-Midland during the third quarter worth $28,000. Operose Advisors LLC acquired a new position in shares of Archer-Daniels-Midland during the third quarter worth $30,000. Strengthening Families & Communities LLC grew its stake in shares of Archer-Daniels-Midland by 37.3% during 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. Finally, Emfo LLC acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth $51,000. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Performance

NYSE ADM traded up $1.39 during trading hours on Tuesday, hitting $61.58. 4,171,048 shares of the stock were exchanged, compared to its average volume of 5,792,669. The company has a market cap of $30.45 billion, a price-to-earnings ratio of 10.56 and a beta of 0.78. Archer-Daniels-Midland Company has a 12-month low of $50.72 and a 12-month high of $87.30. The stock has a 50-day moving average of $59.77 and a 200 day moving average of $64.51. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35.

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 (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.11. The firm had revenue of $21.85 billion during the quarter, compared to analysts' expectations of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm's revenue for the quarter was down 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 earnings per share. As a group, equities research analysts forecast that Archer-Daniels-Midland Company will post 5.58 earnings per share for the current year.

Archer-Daniels-Midland declared that its board has initiated a stock repurchase program on Tuesday, March 12th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to purchase up to 6.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.00 annualized dividend and a yield of 3.25%. Archer-Daniels-Midland's dividend payout ratio is currently 35.09%.

Analysts Set New Price Targets

A number of equities analysts recently commented on ADM shares. The Goldman Sachs Group downgraded shares of Archer-Daniels-Midland from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $90.00 to $67.00 in a research note on Monday, January 22nd. Robert W. Baird downgraded shares of Archer-Daniels-Midland from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $96.00 to $61.00 in a research note on Monday, January 22nd. Stifel Nicolaus downgraded shares of Archer-Daniels-Midland from a "buy" rating to a "hold" rating and decreased their price objective for the company from $116.00 to $56.00 in a research note on Monday, January 22nd. BMO Capital Markets decreased their price objective on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a "market perform" rating for the company in a research note on Wednesday, March 13th. Finally, Argus downgraded shares of Archer-Daniels-Midland from a "buy" rating to a "hold" rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $67.50.

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.