Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 179.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 556 shares of the company’s stock after acquiring an additional 357 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $28,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADM. Wellington Management Group LLP lifted its position 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 worth $1,160,755,000 after acquiring an additional 5,702,451 shares during the period. State Street Corp lifted its position in Archer-Daniels-Midland by 3.3% during the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after acquiring an additional 1,018,256 shares during the period. FMR LLC lifted its position in Archer-Daniels-Midland by 33.9% during the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company’s stock worth $237,757,000 after acquiring an additional 1,007,494 shares during the period. Barclays PLC lifted its position in Archer-Daniels-Midland by 52.0% during the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock worth $89,738,000 after acquiring an additional 514,005 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Archer-Daniels-Midland by 6.4% during the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after acquiring an additional 489,554 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock opened at $50.52 on Friday. 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 Company has a twelve month low of $48.40 and a twelve month high of $66.08. The business has a 50-day moving average price of $51.64 and a 200 day moving average price of $56.56. The firm has a market cap of $24.17 billion, a PE ratio of 14.43 and a beta of 0.72.

Archer-Daniels-Midland announced that its board has approved a stock buyback program on Wednesday, December 11th that permits the company to buyback 100,000,000 shares. This buyback authorization permits the company to repurchase 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were paid 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 3.96%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 57.14%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. 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 report on Tuesday. BMO Capital Markets decreased their price objective on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a report on Wednesday, December 4th. Citigroup boosted their price objective on 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 cut Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $63.00 to $54.00 in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $56.89.

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.