NEOS Investment Management LLC Buys 7,465 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

NEOS Investment Management LLC grew its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 31.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,380 shares of the company's stock after purchasing an additional 7,465 shares during the quarter. NEOS Investment Management LLC's holdings in Archer-Daniels-Midland were worth $1,585,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. UniSuper Management Pty Ltd raised its position in Archer-Daniels-Midland by 33.8% in the 4th quarter. UniSuper Management Pty Ltd now owns 51,432 shares of the company's stock worth $2,598,000 after purchasing an additional 12,990 shares during the period. Elo Mutual Pension Insurance Co lifted its stake in shares of Archer-Daniels-Midland by 13.4% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 49,622 shares of the company's stock valued at $2,507,000 after acquiring an additional 5,868 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Archer-Daniels-Midland by 7.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 869,053 shares of the company's stock valued at $43,496,000 after acquiring an additional 58,789 shares during the period. Korea Investment CORP increased its stake in Archer-Daniels-Midland by 72.1% in the 4th quarter. Korea Investment CORP now owns 275,476 shares of the company's stock worth $13,917,000 after purchasing an additional 115,400 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in Archer-Daniels-Midland by 3.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 151,603 shares of the company's stock valued at $7,659,000 after purchasing an additional 5,502 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 0.7 %

Shares of NYSE:ADM traded down $0.35 during trading on Wednesday, hitting $47.86. The stock had a trading volume of 1,376,291 shares, compared to its average volume of 3,594,991. The company has a market capitalization of $22.96 billion, a PE ratio of 13.26, a PEG ratio of 1.54 and a beta of 0.67. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average is $47.77 and its 200 day moving average is $51.97. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. The business 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 firm's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 earnings per share. Analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.26%. 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. Archer-Daniels-Midland's dividend payout ratio is 56.51%.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ADM shares. Barclays cut their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Bank of America decreased 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. Stephens cut their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley lowered their price target on 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. Finally, BMO Capital Markets cut their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.