Caisse Des Depots ET Consignations Makes New $1.28 Million Investment in Archer-Daniels-Midland Company (NYSE:ADM)

Caisse Des Depots ET Consignations acquired a new stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 25,296 shares of the company's stock, valued at approximately $1,278,000.

A number of other institutional investors have also added to or reduced their stakes in ADM. Wellington Management Group LLP increased its holdings in shares of Archer-Daniels-Midland by 41.5% during the third quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock valued at $1,160,755,000 after acquiring an additional 5,702,451 shares in the last quarter. Pacer Advisors Inc. raised its holdings in 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 buying an additional 2,296,193 shares during the last quarter. State Street Corp grew its holdings in shares of Archer-Daniels-Midland by 3.3% during the third 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 last quarter. FMR LLC lifted its position in 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 acquiring an additional 1,007,494 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Archer-Daniels-Midland by 56.7% in the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after purchasing an additional 894,562 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

ADM has been the subject of several recent analyst reports. 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. Barclays dropped 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 research report on Monday, February 24th. Bank of America reduced their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a report on Tuesday, February 11th. Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, BMO Capital Markets decreased 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. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $53.63.

Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM traded up $0.01 during trading on Tuesday, reaching $48.02. 806,567 shares of the stock traded hands, compared to its average volume of 4,586,959. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The stock has a market capitalization of $23.04 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08. The company has a 50-day moving average of $47.83 and a 200-day moving average of $52.06.

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 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 the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company's revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned $1.36 earnings per share. Analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

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

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.51 dividend. 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. This represents a $2.04 annualized dividend and a dividend yield of 4.25%. Archer-Daniels-Midland's payout ratio is 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.