Lindbrook Capital LLC Has $158,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

Lindbrook Capital LLC raised its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 58.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,193 shares of the company’s stock after buying an additional 807 shares during the quarter. Lindbrook Capital LLC’s holdings in Archer-Daniels-Midland were worth $158,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Northern Trust Corp lifted its holdings in shares of Archer-Daniels-Midland by 1.9% during the third quarter. Northern Trust Corp now owns 13,303,791 shares of the company’s stock worth $1,003,372,000 after buying an additional 252,486 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Archer-Daniels-Midland by 41.8% during the third quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock worth $651,737,000 after buying an additional 2,547,232 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Archer-Daniels-Midland by 5.6% during the third quarter. Ameriprise Financial Inc. now owns 3,696,394 shares of the company’s stock worth $278,779,000 after buying an additional 195,255 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Archer-Daniels-Midland by 31.4% during the third quarter. AQR Capital Management LLC now owns 2,864,305 shares of the company’s stock valued at $216,026,000 after purchasing an additional 683,984 shares during the period. Finally, LSV Asset Management lifted its position in Archer-Daniels-Midland by 33.8% in the third quarter. LSV Asset Management now owns 2,395,296 shares of the company’s stock worth $180,653,000 after purchasing an additional 605,696 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. The Goldman Sachs Group cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $67.00 in a research report on Monday, January 22nd. BMO Capital Markets reduced their target price on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research report on Wednesday, March 13th. Barclays cut Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 target price for the company. in a research report on Monday, January 22nd. TheStreet cut Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Finally, Roth Capital cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Stock Performance

Shares of NYSE:ADM opened at $61.80 on Wednesday. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.30. The firm has a market cap of $31.01 billion, a PE ratio of 9.66 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60. The business has a fifty day moving average of $58.64 and a 200-day moving average of $65.40.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The business had revenue of $22.98 billion during the quarter, compared to analyst estimates of $23.79 billion. During the same quarter last year, the business posted $1.93 earnings per share. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. On average, equities research analysts predict that Archer-Daniels-Midland Company will post 5.48 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.24%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 31.25%.

Archer-Daniels-Midland declared that its board has initiated a stock repurchase plan on Tuesday, March 12th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership 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.