KLP Kapitalforvaltning AS Purchases Shares of 437,638 Archer-Daniels-Midland Company (NYSE:ADM)

KLP Kapitalforvaltning AS bought a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 437,638 shares of the company's stock, valued at approximately $22,109,000. KLP Kapitalforvaltning AS owned about 0.09% of Archer-Daniels-Midland as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ADM. West Financial Advisors LLC grew its position in Archer-Daniels-Midland by 10.1% during the 4th quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock worth $111,000 after purchasing an additional 201 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Archer-Daniels-Midland by 10.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock valued at $109,000 after buying an additional 210 shares in the last quarter. Invesco LLC raised its position in Archer-Daniels-Midland by 1.3% during the fourth quarter. Invesco LLC now owns 16,242 shares of the company's stock valued at $821,000 after buying an additional 211 shares during the period. Advisor OS LLC boosted its position in Archer-Daniels-Midland by 4.9% during the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company's stock worth $231,000 after acquiring an additional 212 shares during the period. Finally, Advisory Alpha LLC increased its holdings in shares of Archer-Daniels-Midland by 2.8% in the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock valued at $402,000 after purchasing an additional 216 shares during the period. 78.28% of the stock is owned by hedge funds and other institutional investors.

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Archer-Daniels-Midland Stock Performance

Shares of NYSE ADM traded up $1.25 during trading hours on Thursday, hitting $48.32. 3,974,903 shares of the stock were exchanged, compared to its average volume of 3,442,228. The firm has a market capitalization of $23.18 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.54 and a beta of 0.67. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08. 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 company's 50 day moving average is $48.01 and its 200 day moving average is $52.34.

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

Archer-Daniels-Midland announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.51 dividend. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.22%. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Bank of America lowered their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research note on Tuesday, February 11th. Barclays cut their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Monday, February 24th. Stephens dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, BMO Capital Markets reduced their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Archer-Daniels-Midland 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.