Massachusetts Financial Services Co. MA Has $19.75 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Massachusetts Financial Services Co. MA decreased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 390,988 shares of the company’s stock after selling 3,099 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.08% of Archer-Daniels-Midland worth $19,753,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Archer-Daniels-Midland by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company’s stock valued at $3,150,390,000 after purchasing an additional 706,567 shares in the last quarter. Wellington Management Group LLP raised its holdings in Archer-Daniels-Midland by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock valued at $1,068,626,000 after buying an additional 1,722,428 shares during the last quarter. Geode Capital Management LLC boosted its position in Archer-Daniels-Midland by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company’s stock worth $590,305,000 after buying an additional 247,647 shares during the period. Pacer Advisors Inc. grew its holdings in Archer-Daniels-Midland by 28.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock worth $524,531,000 after acquiring an additional 2,296,193 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at $333,521,000. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $43.32 on Monday. The firm has a 50 day moving average of $47.51 and a 200-day moving average of $51.67. The company has a market cap of $20.78 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. 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 52 week low of $42.02 and a 52 week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating 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 net margin of 2.10% and a return on equity of 10.44%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. On average, equities 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 authorized a share repurchase program on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.71%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio is presently 56.51%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ADM. Bank of America reduced 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. Barclays decreased their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. BMO Capital Markets decreased 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 report on Wednesday, February 5th. Finally, Morgan Stanley dropped their price target 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. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $53.63.

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.