167,480 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 167,480 shares of the company's stock, valued at approximately $8,464,000.

Several other hedge funds have also recently made changes to their positions in the business. Fairway Wealth LLC purchased a new position in shares of Archer-Daniels-Midland during the fourth quarter worth approximately $25,000. Raleigh Capital Management Inc. increased its position in shares of Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after purchasing an additional 357 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland in the fourth quarter valued at about $28,000. ST Germain D J Co. Inc. boosted its stake in Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $30,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. 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 report on Tuesday, February 11th. Barclays dropped their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. Stephens dropped their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets decreased their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Finally, Bank of America cut their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating for the company in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, Archer-Daniels-Midland has an average rating of "Hold" and an average price target of $53.63.

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Archer-Daniels-Midland Stock Performance

Shares of ADM stock traded up $1.26 during mid-day trading on Friday, hitting $45.74. The stock had a trading volume of 3,950,332 shares, compared to its average volume of 3,642,837. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08. The company's 50-day simple moving average is $46.52 and its 200-day simple moving average is $50.91. The firm has a market cap of $21.94 billion, a PE ratio of 12.67, a PEG ratio of 1.54 and a beta of 0.66. 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 (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating 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 return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland's quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the business posted $1.36 EPS. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. This is a boost 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 annualized dividend and a dividend yield of 4.46%. Archer-Daniels-Midland's dividend payout ratio (DPR) is 56.51%.

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.