Folger Nolan Fleming Douglas Capital Management Inc. Has $664,000 Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Folger Nolan Fleming Douglas Capital Management Inc. lifted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,144 shares of the company’s stock after purchasing an additional 350 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $664,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Empower Advisory Group LLC lifted its holdings in shares of Archer-Daniels-Midland by 6.4% during the 3rd quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock worth $68,011,000 after acquiring an additional 68,133 shares during the period. Nordea Investment Management AB lifted its stake in Archer-Daniels-Midland by 30.7% during the fourth quarter. Nordea Investment Management AB now owns 2,082,442 shares of the company’s stock worth $105,163,000 after purchasing an additional 489,217 shares during the period. Kieckhefer Group LLC acquired a new stake in Archer-Daniels-Midland during the fourth quarter valued at approximately $2,339,000. Pacer Advisors Inc. grew its stake in shares of Archer-Daniels-Midland by 6.4% in the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock valued at $483,084,000 after purchasing an additional 489,554 shares during the period. Finally, Marathon Asset Management Ltd raised its holdings in shares of Archer-Daniels-Midland by 4.5% in the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after buying an additional 13,177 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on ADM shares. Barclays reduced their target price on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a report on Wednesday, December 4th. BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. Morgan Stanley reduced their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Citigroup raised their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Finally, Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $63.00 to $54.00 in a report on Tuesday. Two research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $59.08.

Archer-Daniels-Midland Stock Up 0.4 %

NYSE:ADM opened at $51.23 on Friday. The stock has a market cap of $24.52 billion, a price-to-earnings ratio of 14.64 and a beta of 0.72. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $51.75 and a two-hundred day moving average price of $56.94. Archer-Daniels-Midland Company has a 1 year low of $48.40 and a 1 year high of $68.85.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.90%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 57.14%.

Archer-Daniels-Midland declared that its board has initiated a share buyback program on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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.