Challenger Wealth Management Invests $309,000 in Archer-Daniels-Midland Company (NYSE:ADM)

Challenger Wealth Management bought a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,108 shares of the company's stock, valued at approximately $309,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADM. AustralianSuper Pty Ltd increased its holdings in shares of Archer-Daniels-Midland by 26.4% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock valued at $87,409,000 after acquiring an additional 360,844 shares during the last quarter. Amundi boosted its position in Archer-Daniels-Midland by 56.7% during the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after purchasing an additional 894,562 shares during the last quarter. Hickory Point Bank & Trust bought a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $1,217,000. Semanteon Capital Management LP bought a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at $614,000. Finally, Aigen Investment Management LP lifted its stake in Archer-Daniels-Midland by 127.7% in the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock valued at $2,372,000 after acquiring an additional 26,329 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Stock Down 0.5%

Shares of ADM traded down $0.23 during mid-day trading on Friday, reaching $48.14. The company's stock had a trading volume of 992,671 shares, compared to its average volume of 4,103,280. The stock has a market cap of $23.13 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The company's 50 day moving average is $47.44 and its 200 day moving average is $49.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced 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 return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. During the same period last year, the business posted $1.46 EPS. The company's revenue was down 7.7% on a year-over-year basis. Equities 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 announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.51 per share. 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 payout ratio is 72.86%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group raised Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Citigroup dropped 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. BMO Capital Markets reduced 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. Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Finally, Stephens reduced their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $52.00.

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.