CANADA LIFE ASSURANCE Co Grows Stake in Archer-Daniels-Midland Company (NYSE:ADM)

CANADA LIFE ASSURANCE Co increased its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 439,005 shares of the company's stock after acquiring an additional 19,438 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.09% of Archer-Daniels-Midland worth $22,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ADM. AustralianSuper Pty Ltd raised its position in shares of Archer-Daniels-Midland by 26.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock valued at $87,409,000 after purchasing an additional 360,844 shares during the period. Amundi grew its position 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. Hickory Point Bank & Trust bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $1,217,000. Semanteon Capital Management LP purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter worth about $614,000. Finally, Aigen Investment Management LP grew its stake in Archer-Daniels-Midland by 127.7% during the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock valued at $2,372,000 after acquiring an additional 26,329 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Trading Up 1.4 %

NYSE:ADM traded up $0.68 during trading hours on Thursday, hitting $48.80. The company had a trading volume of 2,151,536 shares, compared to its average volume of 3,619,022. 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 Company has a 52 week low of $40.98 and a 52 week high of $66.08. The company has a market capitalization of $23.41 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. The stock has a 50-day moving average price of $46.76 and a 200 day moving average price of $50.37.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results 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. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the prior year, the firm earned $1.36 earnings per share. Archer-Daniels-Midland's revenue was down 6.4% on a year-over-year basis. On average, equities research analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company 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 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 dividend on an annualized basis and a yield of 4.18%. Archer-Daniels-Midland's dividend payout ratio is 56.51%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ADM. Morgan Stanley decreased their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. Barclays dropped their price target 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. Bank of America raised shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and lowered their target price for the company from $48.00 to $47.00 in a research note on Tuesday, April 15th. Stephens cut their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Citigroup dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of "Hold" and a consensus price target of $52.75.

Archer-Daniels-Midland Company 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.