37,888 Shares in Archer-Daniels-Midland Company (NYSE:ADM) Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 37,888 shares of the company's stock, valued at approximately $1,914,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at about $333,521,000. Pacer Advisors Inc. lifted its position in Archer-Daniels-Midland by 28.4% in the fourth quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after buying an additional 2,296,193 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Archer-Daniels-Midland by 8.9% during the fourth quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock worth $1,068,626,000 after purchasing an additional 1,722,428 shares in the last quarter. Invesco Ltd. lifted 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 worth $361,007,000 after purchasing an additional 1,420,625 shares in the last quarter. Finally, Amundi lifted its position in shares of Archer-Daniels-Midland by 56.7% during the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock worth $123,340,000 after purchasing an additional 894,562 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays cut their target price 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 cut their target price 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. Morgan Stanley cut their target price 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. Bank of America upgraded shares of Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and cut their target price for the stock from $48.00 to $47.00 in a research note on Tuesday, April 15th. Finally, 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 note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $52.75.

Archer-Daniels-Midland Trading Down 1.1 %

Shares of Archer-Daniels-Midland stock traded down $0.54 during trading hours on Friday, hitting $48.24. The company's stock had a trading volume of 2,261,729 shares, compared to its average volume of 3,620,453. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The business has a fifty day moving average of $46.86 and a 200 day moving average of $50.14. The company has a market capitalization of $23.14 billion, a PE ratio of 13.36, a P/E/G ratio of 1.54 and a beta of 0.66. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 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 business had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $22.77 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company's revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.51 per share. The ex-dividend date was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.23%. Archer-Daniels-Midland's dividend payout ratio is 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.