Allianz SE Invests $1.57 Million in Archer-Daniels-Midland Company (NYSE:ADM)

Allianz SE bought a new position in Archer-Daniels-Midland Company (NYSE:ADM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,250 shares of the company’s stock, valued at approximately $1,565,000.

A number of other institutional investors have also recently bought and sold shares of ADM. FMR LLC increased its stake in Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company’s stock valued at $237,757,000 after acquiring an additional 1,007,494 shares during the period. D.A. Davidson & CO. grew its stake in shares of Archer-Daniels-Midland by 6.7% in the 3rd quarter. D.A. Davidson & CO. now owns 37,798 shares of the company’s stock valued at $2,258,000 after purchasing an additional 2,380 shares during the period. Townsquare Capital LLC raised its holdings in shares of Archer-Daniels-Midland by 24.4% in the 3rd quarter. Townsquare Capital LLC now owns 10,212 shares of the company’s stock worth $610,000 after buying an additional 2,005 shares in the last quarter. Glenmede Trust Co. NA lifted its position in shares of Archer-Daniels-Midland by 47.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 23,578 shares of the company’s stock worth $1,409,000 after buying an additional 7,558 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in Archer-Daniels-Midland by 4.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 18,804 shares of the company’s stock valued at $1,123,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Bank of America cut their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, February 11th. Citigroup upped their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Stephens cut their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Barclays decreased their price target on 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, BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $53.63.

Archer-Daniels-Midland Stock Down 0.8 %

Shares of ADM opened at $47.87 on Friday. The business’s fifty day moving average price is $47.89 and its two-hundred day moving average price is $52.19. The firm has a market capitalization of $22.97 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39.

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

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 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is currently 56.51%.

Archer-Daniels-Midland announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership 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.