CoreCommodity Management LLC Has $5.52 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

CoreCommodity Management LLC grew its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,303 shares of the company's stock after acquiring an additional 14,684 shares during the quarter. Archer-Daniels-Midland accounts for 1.1% of CoreCommodity Management LLC's holdings, making the stock its 7th biggest position. CoreCommodity Management LLC's holdings in Archer-Daniels-Midland were worth $5,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC acquired a new position in Archer-Daniels-Midland during the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. lifted its position in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after buying an additional 357 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. increased its position in shares of Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock valued at $29,000 after acquiring an additional 500 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in Archer-Daniels-Midland during the fourth quarter worth about $30,000. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Price Performance

NYSE ADM traded up $0.85 during midday trading on Friday, hitting $48.55. The company had a trading volume of 3,079,708 shares, compared to its average volume of 3,579,831. The firm has a 50-day moving average price of $47.01 and a 200-day moving average price of $49.59. The company has a market capitalization of $23.33 billion, a PE ratio of 13.45, a P/E/G ratio of 1.54 and a beta of 0.69. 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 Company has a twelve month low of $40.98 and a twelve month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. During the same period in the previous year, the company earned $1.46 EPS. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.20%. Archer-Daniels-Midland's payout ratio is presently 72.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ADM. Citigroup dropped their price objective on 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. Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $47.00 to $45.00 in a research note on Thursday. Morgan Stanley reduced their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Stephens cut their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, BMO Capital Markets dropped their price target on 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. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.