Invesco LLC Has $821,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

Invesco LLC raised its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,242 shares of the company’s stock after acquiring an additional 211 shares during the period. Invesco LLC’s holdings in Archer-Daniels-Midland were worth $821,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new stake in Archer-Daniels-Midland in the third quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $26,000. Peterson Financial Group Inc. acquired a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at approximately $28,000. Raleigh Capital Management Inc. boosted its stake in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its holdings in Archer-Daniels-Midland by 724.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock valued at $29,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ADM shares. Citigroup lifted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Stephens began coverage on Archer-Daniels-Midland in a research report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price target on the stock. Barclays decreased their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Morgan Stanley cut their price target on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Finally, Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $63.00 to $54.00 in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.89.

Archer-Daniels-Midland Stock Up 1.0 %

ADM traded up $0.52 during trading hours on Wednesday, hitting $51.11. 641,505 shares of the company’s stock were exchanged, compared to its average volume of 2,735,752. The stock has a market cap of $24.46 billion, a price-to-earnings ratio of 14.64 and a beta of 0.72. Archer-Daniels-Midland Company has a 1-year low of $48.40 and a 1-year high of $66.08. The stock’s 50-day moving average is $51.52 and its two-hundred day moving average is $56.19. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Thursday, November 21st. Archer-Daniels-Midland’s payout ratio is 57.14%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.