KLP Kapitalforvaltning AS Increases Holdings in Archer Daniels Midland Company (NYSE:ADM)

KLP Kapitalforvaltning AS increased its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 452,538 shares of the company's stock after purchasing an additional 14,900 shares during the quarter. KLP Kapitalforvaltning AS owned approximately 0.09% of Archer Daniels Midland worth $21,726,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Archer Daniels Midland in the 4th quarter worth $1,914,000. Handelsbanken Fonder AB bought a new stake in Archer Daniels Midland during the 1st quarter valued at approximately $1,183,000. Vanguard Group Inc. lifted its holdings 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 worth $3,150,390,000 after purchasing an additional 706,567 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 purchasing an additional 247,647 shares during the period. Finally, Bell Bank grew its holdings in Archer Daniels Midland by 11.0% during the 1st quarter. Bell Bank now owns 167,536 shares of the company's stock valued at $8,043,000 after buying an additional 16,558 shares in the last quarter. Institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of research reports. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and upped their target price for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Citigroup cut their price objective 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. Barclays increased their price target on Archer Daniels Midland from $48.00 to $50.00 and gave the company an "underweight" rating in a research note on Wednesday, July 2nd. Finally, Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $47.00 to $45.00 in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $52.25.

Archer Daniels Midland Trading Down 0.2%

Shares of NYSE ADM traded down $0.12 during trading hours on Friday, hitting $55.38. 2,684,088 shares of the company traded hands, compared to its average volume of 3,063,897. The stock has a market capitalization of $26.61 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 3.09 and a beta of 0.69. The company's 50 day moving average price is $51.93 and its 200 day moving average price is $49.26. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.24. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced 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 business had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The business's revenue for the quarter 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 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's dividend payout ratio is currently 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.