UniSuper Management Pty Ltd Acquires 12,990 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

UniSuper Management Pty Ltd grew its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 33.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,432 shares of the company's stock after buying an additional 12,990 shares during the period. UniSuper Management Pty Ltd's holdings in Archer-Daniels-Midland were worth $2,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in Archer-Daniels-Midland by 41.5% during the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock worth $1,160,755,000 after acquiring an additional 5,702,451 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Archer-Daniels-Midland by 28.4% during the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock worth $524,531,000 after purchasing an additional 2,296,193 shares in the last quarter. State Street Corp grew its holdings in shares of Archer-Daniels-Midland by 3.3% in the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company's stock valued at $1,914,408,000 after buying an additional 1,018,256 shares during the period. FMR LLC increased its position in shares of Archer-Daniels-Midland by 33.9% in the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company's stock valued at $237,757,000 after buying an additional 1,007,494 shares in the last quarter. Finally, Amundi lifted its holdings in Archer-Daniels-Midland by 56.7% during the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock worth $123,340,000 after acquiring an additional 894,562 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

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Archer-Daniels-Midland Stock Down 0.7 %

Shares of NYSE ADM traded down $0.35 during mid-day trading on Wednesday, hitting $47.86. The company had a trading volume of 1,376,291 shares, compared to its average volume of 3,594,991. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $47.77 and a two-hundred day simple moving average of $51.97. The company has a market capitalization of $22.96 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. The firm had revenue of $21.50 billion during 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 business's revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.36 earnings per share. On average, equities analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio (DPR) is 56.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ADM shares. Bank of America dropped their price target on 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. Citigroup lifted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. BMO Capital Markets lowered their price objective on shares of 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, Barclays dropped their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $53.63.

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.