Sugarloaf Wealth Management LLC Has $249,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

Sugarloaf Wealth Management LLC lifted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,937 shares of the company’s stock after purchasing an additional 825 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Archer-Daniels-Midland were worth $249,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. lifted its position in shares of Archer-Daniels-Midland by 15,790.1% during the 2nd quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after purchasing an additional 7,549,083 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company’s stock worth $1,160,755,000 after buying an additional 5,702,451 shares during the last quarter. AQR Capital Management LLC raised its stake in Archer-Daniels-Midland by 73.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock valued at $170,960,000 after purchasing an additional 1,199,992 shares during the last quarter. State Street Corp grew its position in Archer-Daniels-Midland by 3.3% during the third quarter. State Street Corp now owns 32,045,672 shares of the company’s stock worth $1,914,408,000 after buying an additional 1,018,256 shares in the last quarter. Finally, FMR LLC increased its stake in Archer-Daniels-Midland by 33.9% during 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. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADM. Citigroup lifted their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. BMO Capital Markets dropped 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 note on Wednesday, December 4th. Morgan Stanley lowered their target price on shares of 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. Stephens initiated coverage on Archer-Daniels-Midland in a research note on Wednesday, December 11th. They issued an “equal weight” rating and a $55.00 price objective on the stock. Finally, Barclays cut their target price on Archer-Daniels-Midland from $60.00 to $56.00 and set an “underweight” rating for the company in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.62.

Archer-Daniels-Midland Price Performance

ADM traded up $1.28 during midday trading on Friday, hitting $51.12. The company had a trading volume of 2,595,011 shares, compared to its average volume of 2,403,820. Archer-Daniels-Midland Company has a twelve month low of $48.40 and a twelve month high of $70.51. The firm’s 50-day simple moving average is $51.97 and its 200-day simple moving average is $57.27. The company has a market capitalization of $24.46 billion, a PE ratio of 14.61 and a beta of 0.72. 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 Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.91%. Archer-Daniels-Midland’s payout ratio is 57.14%.

Archer-Daniels-Midland announced that its Board of Directors has approved a share buyback program on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase 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.