Archer-Daniels-Midland Company (NYSE:ADM) Stake Raised by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 4.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 439,005 shares of the company's stock after acquiring an additional 19,438 shares during the period. CANADA LIFE ASSURANCE Co owned 0.09% of Archer-Daniels-Midland worth $22,164,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. West Financial Advisors LLC grew its position in Archer-Daniels-Midland by 10.1% during the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock valued at $111,000 after acquiring an additional 201 shares during the period. Hantz Financial Services Inc. raised its holdings in Archer-Daniels-Midland by 10.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock valued at $109,000 after buying an additional 210 shares during the period. Invesco LLC grew its stake in Archer-Daniels-Midland by 1.3% during the fourth quarter. Invesco LLC now owns 16,242 shares of the company's stock worth $821,000 after buying an additional 211 shares during the period. Advisor OS LLC increased its position in shares of Archer-Daniels-Midland by 4.9% in the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock worth $231,000 after acquiring an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC raised its stake in shares of Archer-Daniels-Midland by 2.8% in the 4th quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock valued at $402,000 after acquiring an additional 216 shares during the period. Hedge funds and other institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock traded down $0.73 during mid-day trading on Friday, reaching $48.05. The company's stock had a trading volume of 606,277 shares, compared to its average volume of 3,606,836. The firm has a market cap of $23.05 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 1.54 and a beta of 0.66. Archer-Daniels-Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The business has a 50 day moving average price of $46.81 and a 200-day moving average price of $50.30. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. The firm had revenue of $21.50 billion for 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%. Archer-Daniels-Midland's revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company posted $1.36 earnings per share. Sell-side analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal 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 $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.25%. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley decreased their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Citigroup dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Barclays lowered their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Monday, February 24th. Stephens reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, BMO Capital Markets lowered their price target 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. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $52.75.

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.