Alberta Investment Management Corp Has $2.81 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Alberta Investment Management Corp increased its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 49.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,680 shares of the company's stock after acquiring an additional 18,480 shares during the period. Alberta Investment Management Corp's holdings in Archer-Daniels-Midland were worth $2,813,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in Archer-Daniels-Midland in the third quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth $26,000. Peterson Financial Group Inc. acquired a new position in shares of Archer-Daniels-Midland during the third quarter worth $28,000. Raleigh Capital Management Inc. lifted its holdings in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after buying an additional 357 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $28,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on ADM. Barclays dropped their price target on Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. Bank of America lowered their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research report on Tuesday, February 11th. BMO Capital Markets decreased their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Morgan Stanley reduced 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 dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of "Hold" and an average target price of $55.11.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock traded up $1.75 during trading on Friday, hitting $48.30. 5,484,763 shares of the stock were exchanged, compared to its average volume of 3,658,133. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. The stock has a market cap of $23.11 billion, a PE ratio of 13.38, a P/E/G ratio of 1.47 and a beta of 0.72. The stock's fifty day moving average is $49.55 and its 200 day moving average is $54.42.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

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

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.51 per share. 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 4.22%. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 56.51%.

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.