Canada Pension Plan Investment Board Sells 15,100 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Canada Pension Plan Investment Board lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,287,839 shares of the company's stock after selling 15,100 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.27% of Archer-Daniels-Midland worth $65,062,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of Archer-Daniels-Midland during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. increased its position in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after acquiring an additional 357 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at $28,000. ST Germain D J Co. Inc. grew its stake in shares of Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock worth $29,000 after purchasing an additional 500 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in Archer-Daniels-Midland during the 4th quarter worth $30,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of analyst reports. Barclays reduced their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Bank of America raised shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and decreased their target price for the company from $48.00 to $47.00 in a research report on Tuesday, April 15th. Stephens dropped their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets decreased 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. Finally, Citigroup cut their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $52.75.

Archer-Daniels-Midland Stock Up 0.6 %

Shares of ADM stock traded up $0.31 on Thursday, reaching $48.43. 750,121 shares of the company were exchanged, compared to its average volume of 4,459,613. Archer-Daniels-Midland Company has a one year low of $40.98 and a one year high of $66.08. The company has a market cap of $23.23 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.54 and a beta of 0.66. The company has a 50-day moving average of $46.76 and a 200-day moving average of $50.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $22.77 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio 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.