Meiji Yasuda Asset Management Co Ltd. Has $7.66 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,603 shares of the company's stock after purchasing an additional 5,502 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Archer-Daniels-Midland were worth $7,659,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock worth $1,160,755,000 after acquiring an additional 5,702,451 shares in the last quarter. Pacer Advisors Inc. raised its position in Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after purchasing an additional 2,296,193 shares during the last quarter. State Street Corp boosted its stake in Archer-Daniels-Midland by 3.3% in the third quarter. State Street Corp now owns 32,045,672 shares of the company's stock worth $1,914,408,000 after purchasing an additional 1,018,256 shares in the last quarter. FMR LLC increased its stake in shares of Archer-Daniels-Midland by 33.9% in the third quarter. FMR LLC now owns 3,979,867 shares of the company's stock valued at $237,757,000 after buying an additional 1,007,494 shares in the last quarter. Finally, Amundi raised 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 buying an additional 894,562 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

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Archer-Daniels-Midland Trading Down 0.8 %

Shares of Archer-Daniels-Midland stock traded down $0.41 during trading on Friday, reaching $47.87. 2,077,417 shares of the company were exchanged, compared to its average volume of 3,606,957. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The business has a 50-day moving average price of $47.89 and a 200-day moving average price of $52.19. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $22.97 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. The business had revenue of $21.50 billion for 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%. Archer-Daniels-Midland's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the company posted $1.36 EPS. Sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland declared that its board has authorized a stock buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.51 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.26%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio is currently 56.51%.

Wall Street Analysts Forecast Growth

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