Everence Capital Management Inc. Boosts Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Everence Capital Management Inc. grew its position in Archer-Daniels-Midland Company (NYSE:ADM) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,080 shares of the company’s stock after acquiring an additional 4,560 shares during the quarter. Everence Capital Management Inc.’s holdings in Archer-Daniels-Midland were worth $1,267,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Empower Advisory Group LLC grew its holdings in shares of Archer-Daniels-Midland by 6.4% during the third quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company’s stock worth $68,011,000 after buying an additional 68,133 shares in the last quarter. Pacer Advisors Inc. grew its stake 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 valued at $483,084,000 after acquiring an additional 489,554 shares in the last quarter. Marathon Asset Management Ltd raised its holdings in Archer-Daniels-Midland by 4.5% in the 3rd quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock valued at $18,110,000 after acquiring an additional 13,177 shares during the last quarter. CFS Investment Advisory Services LLC purchased a new position in Archer-Daniels-Midland in the 3rd quarter worth approximately $1,526,000. Finally, Bank of Montreal Can boosted its holdings in shares of Archer-Daniels-Midland by 8.6% during the 3rd quarter. Bank of Montreal Can now owns 559,660 shares of the company’s stock worth $33,580,000 after purchasing an additional 44,241 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADM has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. BMO Capital Markets cut their price objective on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. Stephens began coverage on shares of Archer-Daniels-Midland in a report on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 target price on the stock. Barclays cut their price target on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a report on Wednesday, December 4th. Finally, UBS Group upped their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.62.

Archer-Daniels-Midland Stock Down 0.3 %

Shares of ADM opened at $50.05 on Friday. The company’s 50-day simple moving average is $52.61 and its 200-day simple moving average is $57.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. Archer-Daniels-Midland Company has a 1 year low of $48.92 and a 1 year high of $73.25. The stock has a market capitalization of $23.95 billion, a PE ratio of 14.30 and a beta of 0.72.

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

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.00%. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

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.