ProShare Advisors LLC Has $172.30 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

ProShare Advisors LLC boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 18.0% in the fourth quarter, HoldingsChannel reports. The firm owned 3,410,560 shares of the company’s stock after acquiring an additional 520,615 shares during the period. ProShare Advisors LLC’s holdings in Archer-Daniels-Midland were worth $172,301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Archer-Daniels-Midland by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company’s stock valued at $3,150,390,000 after purchasing an additional 706,567 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Archer-Daniels-Midland by 8.9% in 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 during the period. Geode Capital Management LLC increased its stake in shares of Archer-Daniels-Midland by 2.2% in the 4th 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 period. Northern Trust Corp boosted its position in shares of Archer-Daniels-Midland by 2.6% in the 4th quarter. Northern Trust Corp now owns 11,035,011 shares of the company’s stock worth $557,489,000 after purchasing an additional 275,792 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock worth $524,531,000 after purchasing an additional 2,296,193 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on ADM. Stephens reduced their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. BMO Capital Markets lowered their target price on 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. Morgan Stanley lowered their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Citigroup lowered their target price on 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. Finally, Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $52.50.

Archer-Daniels-Midland Stock Performance

Shares of Archer-Daniels-Midland stock opened at $49.48 on Thursday. 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 business has a 50-day moving average price of $47.14 and a two-hundred day moving average price of $49.46. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a market cap of $23.77 billion, a P/E ratio of 13.71, a PEG ratio of 1.54 and a beta of 0.69.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion during 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%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.46 EPS. As a group, analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.12%. Archer-Daniels-Midland’s dividend payout ratio is presently 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.