Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 17.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 624,545 shares of the company’s stock after buying an additional 94,519 shares during the period. Ensign Peak Advisors Inc’s holdings in Archer-Daniels-Midland were worth $31,552,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several brokerages have commented on ADM. 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 report on Tuesday, April 15th. Morgan Stanley cut 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 research note on Tuesday, February 11th. BMO Capital Markets decreased 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 research report on Wednesday, February 5th. Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $47.00 to $45.00 in a research report on Thursday. Finally, Stephens decreased their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.50.

Archer-Daniels-Midland Trading Up 1.8 %

Archer-Daniels-Midland stock opened at $48.55 on Friday. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. The firm has a market capitalization of $23.33 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 1.54 and a beta of 0.69. The company has a 50 day moving average price of $47.01 and a 200 day moving average price of $49.54.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 earnings per share. Research analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 72.86%.

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.