Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 13.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 49,622 shares of the company's stock after purchasing an additional 5,868 shares during the period. Elo Mutual Pension Insurance Co's holdings in Archer-Daniels-Midland were worth $2,507,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ADM. West Financial Advisors LLC increased its holdings in Archer-Daniels-Midland by 10.1% in the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock valued at $111,000 after purchasing an additional 201 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Archer-Daniels-Midland by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock worth $109,000 after acquiring an additional 210 shares in the last quarter. Invesco LLC grew its holdings in shares of Archer-Daniels-Midland by 1.3% during the fourth quarter. Invesco LLC now owns 16,242 shares of the company's stock valued at $821,000 after buying an additional 211 shares in the last quarter. Advisor OS LLC grew its position in Archer-Daniels-Midland by 4.9% in the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock worth $231,000 after acquiring an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC lifted its holdings in shares of Archer-Daniels-Midland by 2.8% during the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock worth $402,000 after buying an additional 216 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

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Archer-Daniels-Midland Stock Down 1.0 %

NYSE:ADM traded down $0.49 during mid-day trading on Wednesday, hitting $47.73. 700,849 shares of the company's stock traded hands, compared to its average volume of 3,592,018. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The company has a market capitalization of $22.89 billion, a P/E ratio of 13.23, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a fifty day moving average of $47.77 and a 200 day moving average of $51.97.

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

Archer-Daniels-Midland announced that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.51 dividend. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.27%. Archer-Daniels-Midland's dividend payout ratio is 56.51%.

Wall Street Analyst Weigh In

ADM has been the subject of a number of recent research reports. BMO Capital Markets dropped their target price 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 lowered 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. Barclays reduced their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Monday, February 24th. Bank of America cut their target price 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. Finally, Stephens reduced their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of "Hold" and an average price target of $53.63.

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.