Archer-Daniels-Midland Company (NYSE:ADM) Stake Boosted by Ethic Inc.

Ethic Inc. increased its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 89.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,321 shares of the company’s stock after purchasing an additional 10,522 shares during the period. Ethic Inc.’s holdings in Archer-Daniels-Midland were worth $1,128,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ADM. Fairway Wealth LLC bought a new stake in Archer-Daniels-Midland in the fourth quarter valued at $25,000. Raleigh Capital Management Inc. lifted its position in Archer-Daniels-Midland by 179.4% in 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 during the last quarter. Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland during the 4th quarter valued at about $28,000. CoreFirst Bank & Trust bought a new position in Archer-Daniels-Midland in the 4th quarter worth about $30,000. Finally, Crews Bank & Trust acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock opened at $50.71 on Wednesday. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week 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 stock has a market cap of $24.36 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The company’s 50-day moving average price is $47.14 and its two-hundred day moving average price is $49.46.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $20.18 billion during the quarter, compared to analysts’ expectations of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. 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 firm posted $1.46 earnings per share. As a group, sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 72.86%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Bank of America downgraded Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and cut their target price for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Citigroup cut their price objective 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. Stephens decreased their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets dropped 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. Finally, Morgan Stanley lowered their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $52.50.

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.