Norinchukin Bank The Purchases 1,102 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Norinchukin Bank The grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,068 shares of the company’s stock after buying an additional 1,102 shares during the period. Norinchukin Bank The’s holdings in Archer-Daniels-Midland were worth $1,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADM. Vanguard Group Inc. grew its holdings in Archer-Daniels-Midland by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company’s stock worth $3,150,390,000 after purchasing an additional 706,567 shares during the period. Wellington Management Group LLP increased its position in Archer-Daniels-Midland by 8.9% during 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 buying an additional 1,722,428 shares in the last quarter. Geode Capital Management LLC raised its stake in Archer-Daniels-Midland by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company’s stock valued at $590,305,000 after buying an additional 247,647 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Archer-Daniels-Midland by 28.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock worth $524,531,000 after acquiring an additional 2,296,193 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Archer-Daniels-Midland by 24.8% in the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock worth $361,007,000 after acquiring an additional 1,420,625 shares during the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of analyst reports. Citigroup dropped their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Barclays decreased their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a report on Monday, February 24th. Bank of America upgraded Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and cut their target price for the company from $48.00 to $47.00 in a research note on Tuesday, April 15th. Finally, Stephens decreased their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $52.75.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $48.09 on Tuesday. The firm has a market cap of $23.07 billion, a PE ratio of 13.32, a P/E/G ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $46.66 and a two-hundred day simple moving average of $50.40.

Archer-Daniels-Midland (NYSE:ADM) last posted its 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 company had revenue of $21.50 billion for 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 revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 earnings per share. On average, equities analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS 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 given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.24%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio 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.