Norinchukin Bank The Boosts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Norinchukin Bank The grew its position in Archer-Daniels-Midland Company (NYSE:ADM) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,068 shares of the company’s stock after purchasing an additional 1,102 shares during the quarter. Norinchukin Bank The’s holdings in Archer-Daniels-Midland were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ADM. Norges Bank purchased a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at about $333,521,000. Pacer Advisors Inc. boosted its stake in 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 period. Wellington Management Group LLP grew its holdings 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. Invesco Ltd. raised its position in shares of Archer-Daniels-Midland by 24.8% during the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock valued at $361,007,000 after buying an additional 1,420,625 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Archer-Daniels-Midland by 56.7% in the fourth quarter. Amundi now owns 2,473,393 shares of the company’s stock worth $123,340,000 after buying an additional 894,562 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ADM has been the subject of several research analyst reports. Bank of America raised shares of 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. Morgan Stanley reduced 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. BMO Capital Markets dropped their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, February 5th. Barclays decreased their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Finally, Stephens cut their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average target price of $52.75.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock opened at $48.09 on Tuesday. 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 stock has a 50 day moving average price of $46.66 and a 200-day moving average price of $50.40. The stock has a market cap of $23.07 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a one year low of $40.98 and a one year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 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 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.36 EPS. Equities analysts expect 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. Shareholders of record on Tuesday, February 18th were paid a $0.51 dividend. 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. This represents a $2.04 dividend on an annualized basis and a yield of 4.24%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 56.51%.

About Archer-Daniels-Midland

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.