Dimensional Fund Advisors LP raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,830,900 shares of the company's stock after purchasing an additional 127,155 shares during the period. Dimensional Fund Advisors LP owned about 0.59% of Archer-Daniels-Midland worth $143,012,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Archer-Daniels-Midland by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock valued at $3,150,390,000 after purchasing an additional 706,567 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Archer-Daniels-Midland by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after purchasing an additional 1,722,428 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Archer-Daniels-Midland by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock valued at $590,305,000 after purchasing an additional 247,647 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Archer-Daniels-Midland by 28.4% during the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after acquiring an additional 2,296,193 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Archer-Daniels-Midland by 24.8% during the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock valued at $361,007,000 after acquiring an additional 1,420,625 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.
Archer-Daniels-Midland Price Performance
Shares of ADM stock traded down $0.24 during midday trading on Tuesday, reaching $47.81. 1,901,505 shares of the company were exchanged, compared to its average volume of 3,607,531. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The company has a market cap of $22.94 billion, a P/E ratio of 13.24, a PEG ratio of 1.54 and a beta of 0.66. The company's 50 day moving average price is $46.90 and its two-hundred day moving average price is $50.07. 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 released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 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 for the quarter, compared to the consensus estimate of $22.77 billion. During the same period in the previous year, the firm earned $1.36 EPS. Archer-Daniels-Midland's revenue was down 6.4% on a year-over-year basis. On average, sell-side analysts expect 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 is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is presently 56.51%.
Wall Street Analyst Weigh In
ADM has been the topic of several research reports. Stephens dropped their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Barclays cut their price objective 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. Citigroup cut their price objective 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. Morgan Stanley cut their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Finally, BMO Capital Markets cut their price objective on shares of 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. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $52.75.
Read Our Latest Research Report on ADM
About Archer-Daniels-Midland
(
Free Report)
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.
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