Archer-Daniels-Midland Company (NYSE:ADM) Stock Position Raised by Aigen Investment Management LP

Aigen Investment Management LP grew its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 127.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,950 shares of the company’s stock after purchasing an additional 26,329 shares during the period. Aigen Investment Management LP’s holdings in Archer-Daniels-Midland were worth $2,372,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after buying an additional 1,018,256 shares in the last quarter. Wellington Management Group LLP grew its stake in Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Archer-Daniels-Midland by 28.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock valued at $524,531,000 after purchasing an additional 2,296,193 shares in the last quarter. FMR LLC boosted its holdings in Archer-Daniels-Midland by 33.9% in the third 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, Charles Schwab Investment Management Inc. boosted its stake in shares of Archer-Daniels-Midland by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company’s stock worth $195,813,000 after acquiring an additional 268,102 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock opened at $45.84 on Wednesday. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The stock has a fifty day moving average price of $49.00 and a two-hundred day moving average price of $53.74. The firm has a market capitalization of $21.99 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.54 and a beta of 0.72.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. As a group, analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, February 18th. 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 4.45%. Archer-Daniels-Midland’s dividend payout ratio is 56.51%.

Analysts Set New Price Targets

Several research firms recently weighed in on ADM. Bank of America cut their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, February 11th. Morgan Stanley reduced their price objective 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, February 11th. Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Barclays reduced their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Finally, Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, Archer-Daniels-Midland presently has an average rating of “Hold” and an average target price of $54.89.

Archer-Daniels-Midland Company 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.