First Trust Direct Indexing L.P. Has $939,000 Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

First Trust Direct Indexing L.P. increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,995 shares of the company’s stock after acquiring an additional 640 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Archer-Daniels-Midland were worth $939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ADM. Exchange Traded Concepts LLC lifted its stake in shares of Archer-Daniels-Midland by 119.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,077 shares of the company’s stock valued at $81,000 after purchasing an additional 586 shares during the period. Commonwealth Equity Services LLC increased its holdings in Archer-Daniels-Midland by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 220,398 shares of the company’s stock valued at $16,622,000 after purchasing an additional 2,918 shares during the last quarter. SVB Wealth LLC lifted its stake in Archer-Daniels-Midland by 32.4% in the third quarter. SVB Wealth LLC now owns 11,342 shares of the company’s stock valued at $855,000 after buying an additional 2,774 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Archer-Daniels-Midland by 4.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 126,171 shares of the company’s stock worth $9,516,000 after buying an additional 5,729 shares during the last quarter. Finally, Legacy Financial Group LLC acquired a new position in shares of Archer-Daniels-Midland during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADM. StockNews.com cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Roth Capital downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Bank of America reduced their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Finally, BMO Capital Markets cut their price objective on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM opened at $59.19 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 1.47. The stock has a 50 day moving average price of $59.52 and a 200 day moving average price of $64.85. The stock has a market capitalization of $29.27 billion, a PE ratio of 10.38 and a beta of 0.78. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.35 by $0.11. The company had revenue of $21.85 billion during the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.09 EPS. Analysts predict that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 3.38%. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Archer-Daniels-Midland declared that its board has approved a share repurchase program on Tuesday, March 12th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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.