Illinois Municipal Retirement Fund Has $9.10 Million Stock Holdings in Archer Daniels Midland Company (NYSE:ADM)

Illinois Municipal Retirement Fund boosted its holdings in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 189,632 shares of the company's stock after acquiring an additional 15,970 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Archer Daniels Midland were worth $9,104,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Archer Daniels Midland by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock valued at $3,150,390,000 after acquiring an additional 706,567 shares during the period. Wellington Management Group LLP increased its position in shares of Archer Daniels Midland by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after purchasing an additional 1,722,428 shares during the period. Geode Capital Management LLC raised its stake in shares of Archer Daniels Midland by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock worth $590,305,000 after buying an additional 247,647 shares in the last quarter. Northern Trust Corp lifted its holdings 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 during the period. Finally, Invesco Ltd. grew its holdings in Archer Daniels Midland by 24.8% during the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock worth $361,007,000 after acquiring an additional 1,420,625 shares during the period. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ADM. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $55.00 to $60.00 in a report on Monday, May 19th. Citigroup lowered their target price on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Bank of America lowered Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $52.00.

Archer Daniels Midland Price Performance

Shares of ADM traded down $1.12 during trading hours on Friday, hitting $52.05. 4,770,003 shares of the company were exchanged, compared to its average volume of 3,536,489. The company has a market capitalization of $25.01 billion, a PE ratio of 18.59, a PEG ratio of 2.96 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.81. The firm has a fifty day simple moving average of $49.47 and a 200-day simple moving average of $48.73. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $66.08.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The company's revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company posted $1.46 EPS. As a group, sell-side analysts predict that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a $0.51 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 3.92%. Archer Daniels Midland's dividend payout ratio (DPR) is presently 72.86%.

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.