MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 5,203 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 5.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,857 shares of the company's stock after purchasing an additional 5,203 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Archer-Daniels-Midland were worth $4,792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADM. Vanguard Group Inc. grew its position in Archer-Daniels-Midland by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock worth $3,150,390,000 after acquiring an additional 706,567 shares during the last quarter. Wellington Management Group LLP boosted its stake in Archer-Daniels-Midland by 8.9% in 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. Geode Capital Management LLC grew its holdings in shares of Archer-Daniels-Midland by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock worth $590,305,000 after purchasing an additional 247,647 shares during the last quarter. Northern Trust Corp increased its stake in shares of Archer-Daniels-Midland by 2.6% in the fourth quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock valued at $557,489,000 after buying an additional 275,792 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of 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. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Trading Down 0.6%

Shares of ADM stock traded down $0.30 during trading hours on Thursday, reaching $48.00. The company had a trading volume of 2,573,597 shares, compared to its average volume of 3,576,423. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The firm has a market cap of $23.06 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.54 and a beta of 0.69. The company has a 50 day moving average of $47.28 and a 200 day moving average of $49.24.

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

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio is currently 72.86%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley lowered 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 report on Tuesday, February 11th. UBS Group raised Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and lifted their target price for the company from $55.00 to $60.00 in a research note on Monday. Citigroup dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. BMO Capital Markets decreased their price target 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. Finally, Stephens dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Archer-Daniels-Midland currently has an average rating of "Hold" and a consensus price target of $52.00.

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.