PKO Investment Management Joint Stock Co Makes New $854,000 Investment in Archer-Daniels-Midland Company (NYSE:ADM)

PKO Investment Management Joint Stock Co purchased a new position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,900 shares of the company's stock, valued at approximately $854,000.

A number of other large investors have also bought and sold shares of ADM. Barclays PLC grew its holdings in Archer-Daniels-Midland by 52.0% in the third quarter. Barclays PLC now owns 1,502,158 shares of the company's stock worth $89,738,000 after purchasing an additional 514,005 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Archer-Daniels-Midland by 17.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,246 shares of the company's stock valued at $113,000 after buying an additional 341 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Archer-Daniels-Midland by 11.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 5,734 shares of the company's stock valued at $290,000 after buying an additional 609 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Archer-Daniels-Midland by 33.2% during the fourth quarter. Blue Trust Inc. now owns 6,387 shares of the company's stock valued at $323,000 after buying an additional 1,591 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at about $45,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ADM shares. Barclays reduced 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 report on Monday, February 24th. Citigroup reduced their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Bank of America cut shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $47.00 to $45.00 in a report on Thursday, May 8th. 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 report on Wednesday, February 5th. Finally, UBS Group raised shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and raised their price target for the company from $55.00 to $60.00 in a research report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $52.00.

Archer-Daniels-Midland Stock Down 0.3%

Shares of ADM traded down $0.15 during trading hours on Monday, reaching $48.12. 2,648,017 shares of the stock traded hands, compared to its average volume of 3,535,806. 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 stock has a fifty day simple moving average of $47.50 and a 200 day simple moving average of $48.94. 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 cap of $23.12 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 1.54 and a beta of 0.69.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. On average, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is 72.86%.

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.