Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Korea Investment CORP

Korea Investment CORP raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 72.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 275,476 shares of the company’s stock after purchasing an additional 115,400 shares during the period. Korea Investment CORP owned about 0.06% of Archer-Daniels-Midland worth $13,917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fairway Wealth LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter worth $25,000. Raleigh Capital Management Inc. increased its stake in shares of Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $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 worth about $28,000. ST Germain D J Co. Inc. boosted its holdings in 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 during the last quarter. Finally, Crews Bank & Trust purchased a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $30,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Down 0.8 %

Shares of NYSE ADM opened at $47.87 on Monday. The company has a market capitalization of $22.97 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The company has a 50 day simple moving average of $47.89 and a 200-day simple moving average of $52.14. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ADM shares. Bank of America lowered their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 11th. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Barclays decreased 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 note on Monday, February 24th. Citigroup upped their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, 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 report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and an average price target of $53.63.

Archer-Daniels-Midland 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.