Impact Partnership Wealth LLC Purchases 651 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Impact Partnership Wealth LLC boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 5.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,257 shares of the company’s stock after purchasing an additional 651 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Archer-Daniels-Midland were worth $619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Empower Advisory Group LLC grew its holdings in Archer-Daniels-Midland by 6.4% during the third quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock worth $68,011,000 after buying an additional 68,133 shares in the last quarter. Nordea Investment Management AB increased its position in shares of 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 valued at $105,163,000 after acquiring an additional 489,217 shares during the last quarter. Kieckhefer Group LLC bought a new stake in Archer-Daniels-Midland during the fourth quarter worth $2,339,000. Pacer Advisors Inc. grew its stake in 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 stake in shares of Archer-Daniels-Midland by 4.5% during the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after purchasing an additional 13,177 shares during the period. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADM. Barclays reduced their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating for the company in a research report on Tuesday. Morgan Stanley cut their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Stephens initiated coverage on Archer-Daniels-Midland in a research report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price objective on the stock. Citigroup boosted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Finally, BMO Capital Markets decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.89.

Archer-Daniels-Midland Stock Up 0.3 %

Shares of ADM stock opened at $50.66 on Friday. The company’s fifty day simple moving average is $51.68 and its two-hundred day simple moving average is $56.60. Archer-Daniels-Midland Company has a 52 week low of $48.40 and a 52 week high of $66.08. The stock has a market cap of $24.24 billion, a P/E ratio of 14.47 and a beta of 0.72. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.95%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.