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

Victory Capital Management Inc. lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 933,627 shares of the company’s stock after purchasing an additional 2,356 shares during the quarter. Victory Capital Management Inc. owned about 0.20% of Archer-Daniels-Midland worth $47,167,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Archer-Daniels-Midland by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,875,945 shares of the company’s stock worth $195,813,000 after acquiring an additional 268,102 shares during the period. State of Michigan Retirement System raised its holdings in Archer-Daniels-Midland by 5.6% during the fourth quarter. State of Michigan Retirement System now owns 166,441 shares of the company’s stock worth $8,409,000 after purchasing an additional 8,900 shares in the last quarter. Silver Coast Investments LLC lifted its position in Archer-Daniels-Midland by 4.4% in the fourth quarter. Silver Coast Investments LLC now owns 5,608 shares of the company’s stock worth $283,000 after purchasing an additional 235 shares during the period. SBI Securities Co. Ltd. bought a new position in Archer-Daniels-Midland during the 4th quarter valued at $850,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Archer-Daniels-Midland by 72.6% in the 4th quarter. Jones Financial Companies Lllp now owns 12,037 shares of the company’s stock worth $608,000 after buying an additional 5,065 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

ADM opened at $49.46 on Friday. The firm has a market capitalization of $23.73 billion, a P/E ratio of 13.70, a PEG ratio of 1.54 and a beta of 0.67. The stock has a fifty day moving average of $48.83 and a 200-day moving average of $53.54. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. 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 announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. 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 earned $1.36 EPS. Equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its board has approved a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio is currently 56.51%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADM. Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Bank of America lowered their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 11th. BMO Capital Markets cut their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Barclays decreased their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. Finally, Citigroup increased their price objective on 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 equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.