Korea Investment CORP Has $13.92 Million Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Korea Investment CORP grew its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 72.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 275,476 shares of the company's stock after acquiring an additional 115,400 shares during the quarter. Korea Investment CORP owned 0.06% of Archer-Daniels-Midland worth $13,917,000 as of its most recent filing with the Securities and Exchange Commission.

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

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Archer-Daniels-Midland Price Performance

ADM traded down $0.24 during midday trading on Wednesday, hitting $47.97. The company had a trading volume of 2,652,286 shares, compared to its average volume of 3,599,590. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The firm's 50-day simple moving average is $47.77 and its 200-day simple moving average is $51.97. The company has a market capitalization of $23.01 billion, a PE ratio of 13.29, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted 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 firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. Archer-Daniels-Midland's revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 EPS. Equities research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally 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. Investors of record on Tuesday, February 18th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.25%. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ADM shares. Citigroup increased their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 4th. Barclays cut their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. Stephens dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. BMO Capital Markets reduced their target price on shares of 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, Bank of America dropped their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.