Ensign Peak Advisors Inc Buys 94,519 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Ensign Peak Advisors Inc boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 624,545 shares of the company's stock after buying an additional 94,519 shares during the quarter. Ensign Peak Advisors Inc owned 0.13% of Archer-Daniels-Midland worth $31,552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fairway Wealth LLC purchased a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at $25,000. Raleigh Capital Management Inc. lifted its stake in Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after acquiring an additional 357 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Archer-Daniels-Midland in the 4th quarter worth about $28,000. ST Germain D J Co. Inc. lifted its stake 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 acquiring an additional 500 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new stake in Archer-Daniels-Midland in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Down 2.4%

NYSE ADM traded down $1.21 during trading hours on Wednesday, hitting $49.48. The company's stock had a trading volume of 2,895,997 shares, compared to its average volume of 3,585,162. Archer-Daniels-Midland Company has a 52 week low of $40.98 and a 52 week high of $66.08. The company has a market capitalization of $23.77 billion, a PE ratio of 13.71, a price-to-earnings-growth 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. The company's 50-day simple moving average is $47.14 and its two-hundred day simple moving average is $49.46.

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

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is presently 72.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup cut their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Stephens cut their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. BMO Capital Markets lowered their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Morgan Stanley lowered their price objective 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. Finally, Barclays lowered 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. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Archer-Daniels-Midland currently has an average rating of "Hold" and a consensus price target of $52.50.

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.