Thompson Siegel & Walmsley LLC Has $79.97 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Thompson Siegel & Walmsley LLC increased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 53.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,582,858 shares of the company’s stock after acquiring an additional 552,545 shares during the period. Archer-Daniels-Midland comprises 1.2% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 16th largest holding. Thompson Siegel & Walmsley LLC owned approximately 0.33% of Archer-Daniels-Midland worth $79,966,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of Archer-Daniels-Midland during the third quarter valued at $26,000. Peterson Financial Group Inc. bought a new position in shares of Archer-Daniels-Midland during the third quarter valued at $28,000. Raleigh Capital Management Inc. raised its stake in shares of Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after acquiring an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Archer-Daniels-Midland during the fourth quarter worth $28,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Stock Down 3.2 %

Archer-Daniels-Midland stock opened at $47.09 on Thursday. Archer-Daniels-Midland Company has a fifty-two week low of $44.92 and a fifty-two week high of $66.08. The stock has a market cap of $22.59 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. The firm’s 50-day simple moving average is $48.73 and its 200 day simple moving average is $53.31. 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its board has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.33%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is 56.51%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADM. Barclays lowered their target price on shares of 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. Bank of America lowered their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. Citigroup lifted their target price 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. Morgan Stanley lowered their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Finally, Stephens decreased their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus target price of $54.89.

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.