Russell Investments Group Ltd. Buys 15,020 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Russell Investments Group Ltd. lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,244,459 shares of the company's stock after buying an additional 15,020 shares during the quarter. Russell Investments Group Ltd. owned about 0.26% of Archer-Daniels-Midland worth $62,869,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Rahlfs Capital LLC acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $992,000. Envestnet Asset Management Inc. grew its position in Archer-Daniels-Midland by 83.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 92,614 shares of the company's stock worth $4,679,000 after buying an additional 42,087 shares in the last quarter. Wedbush Securities Inc. increased its stake in Archer-Daniels-Midland by 7.0% during the 4th quarter. Wedbush Securities Inc. now owns 9,584 shares of the company's stock worth $484,000 after acquiring an additional 626 shares during the period. Aviva PLC raised its holdings in Archer-Daniels-Midland by 1.4% in the 4th quarter. Aviva PLC now owns 286,834 shares of the company's stock valued at $14,491,000 after acquiring an additional 4,037 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $8,464,000. Institutional investors own 78.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reduced 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 note on Wednesday, February 5th. Barclays reduced 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 report on Monday, February 24th. Bank of America lowered 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. Morgan Stanley decreased their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Finally, Stephens reduced their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $53.63.

Remove Ads

Archer-Daniels-Midland Trading Up 2.8 %

NYSE ADM traded up $1.26 on Friday, hitting $45.74. The company's stock had a trading volume of 3,950,332 shares, compared to its average volume of 3,641,923. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. 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's 50-day moving average is $46.52 and its 200 day moving average is $50.97.

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 company 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 firm earned $1.36 earnings per share. The firm's quarterly revenue was down 6.4% on a year-over-year basis. As a group, analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal 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 given a dividend of $0.51 per share. This is a positive change 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 4.46%. Archer-Daniels-Midland's dividend payout ratio is presently 56.51%.

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.