Czech National Bank Increases Position in Archer-Daniels-Midland Company (NYSE:ADM)

Czech National Bank grew its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,671 shares of the company’s stock after purchasing an additional 6,269 shares during the quarter. Czech National Bank’s holdings in Archer-Daniels-Midland were worth $5,237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp increased its holdings in shares of Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock valued at $1,914,408,000 after purchasing an additional 1,018,256 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after acquiring an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Archer-Daniels-Midland by 6.4% during the 3rd quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company’s stock worth $483,084,000 after acquiring an additional 489,554 shares during the period. FMR LLC boosted its position in shares of Archer-Daniels-Midland by 33.9% during the 3rd 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Archer-Daniels-Midland by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company’s stock valued at $215,533,000 after purchasing an additional 63,883 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Down 0.1 %

Shares of NYSE:ADM opened at $51.15 on Thursday. The firm has a market capitalization of $24.48 billion, a PE ratio of 14.61 and a beta of 0.72. Archer-Daniels-Midland Company has a 1 year low of $48.40 and a 1 year high of $69.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The firm’s 50-day moving average is $51.82 and its two-hundred day moving average is $57.02.

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

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.91%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Analysts Set New Price Targets

ADM has been the topic of several recent analyst reports. BMO Capital Markets decreased their target price on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Barclays decreased their price objective on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating on the stock in a report on Wednesday, December 4th. Stephens initiated coverage on Archer-Daniels-Midland in a research note on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 target price for the company. Citigroup upped their price target on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $63.00 to $54.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $59.08.

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.