BI Asset Management Fondsmaeglerselskab A S Purchases Shares of 37,888 Archer-Daniels-Midland Company (NYSE:ADM)

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,888 shares of the company's stock, valued at approximately $1,914,000.

Several other hedge funds have also added to or reduced their stakes in ADM. Barclays PLC increased its holdings in Archer-Daniels-Midland by 52.0% in the third quarter. Barclays PLC now owns 1,502,158 shares of the company's stock valued at $89,738,000 after purchasing an additional 514,005 shares during the period. Invst LLC bought a new position in shares of Archer-Daniels-Midland during the third quarter worth about $640,000. Virtu Financial LLC acquired a new position in shares of Archer-Daniels-Midland in the third quarter worth approximately $981,000. World Investment Advisors LLC bought a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $1,204,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $425,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Down 1.1 %

Shares of NYSE:ADM traded down $0.54 during mid-day trading on Friday, hitting $48.24. 2,261,729 shares of the company traded hands, compared to its average volume of 3,616,807. The stock has a market cap of $23.14 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.54 and a beta of 0.66. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08. The stock has a 50-day moving average price of $46.86 and a two-hundred day moving average price of $50.23.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 EPS. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business 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 of this dividend was Tuesday, February 18th. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.23%. Archer-Daniels-Midland's payout ratio is 56.51%.

Analyst Ratings Changes

Several research firms have recently weighed in on ADM. Morgan Stanley decreased their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Citigroup lowered their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Bank of America raised Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and decreased their target price for the stock from $48.00 to $47.00 in a research note on Tuesday, April 15th. BMO Capital Markets dropped their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Finally, Stephens lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $52.75.

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.