Thompson Siegel & Walmsley LLC Grows Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Thompson Siegel & Walmsley LLC grew its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 53.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,582,858 shares of the company’s stock after buying an additional 552,545 shares during the period. Archer-Daniels-Midland makes up about 1.2% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 16th biggest holding. Thompson Siegel & Walmsley LLC’s holdings in Archer-Daniels-Midland were worth $79,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. AustralianSuper Pty Ltd grew its stake in Archer-Daniels-Midland by 26.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock worth $87,409,000 after buying an additional 360,844 shares in the last quarter. Hickory Point Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at $1,217,000. Private Advisor Group LLC boosted its stake in shares of Archer-Daniels-Midland by 54.1% in the 4th quarter. Private Advisor Group LLC now owns 46,896 shares of the company’s stock valued at $2,369,000 after purchasing an additional 16,456 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Archer-Daniels-Midland during the 4th quarter valued at $8,677,000. Finally, Aigen Investment Management LP boosted its position in Archer-Daniels-Midland by 127.7% during the 4th quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock valued at $2,372,000 after buying an additional 26,329 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Down 3.2 %

NYSE ADM opened at $47.09 on Thursday. The company’s 50-day moving average price is $48.73 and its 200-day moving average price is $53.31. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock has a market cap of $22.59 billion, a PE ratio of 13.05, a PEG ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08.

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

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

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.33%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Analyst Ratings Changes

Several equities research analysts have weighed in on ADM shares. Barclays dropped 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 research report on Monday, February 24th. BMO Capital Markets dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Stephens reduced their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Morgan Stanley reduced their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Finally, Citigroup lifted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.89.

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.