Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 280,080 shares of the company's stock after purchasing an additional 23,559 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Archer-Daniels-Midland worth $14,150,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Fairway Wealth LLC acquired a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $25,000. Stonebridge Financial Group LLC acquired a new position in Archer-Daniels-Midland in the fourth quarter valued at approximately $28,000. Crews Bank & Trust acquired a new stake in Archer-Daniels-Midland during the fourth quarter worth approximately $30,000. CoreFirst Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $30,000. Finally, Asset Planning Inc acquired a new stake in Archer-Daniels-Midland during the 4th quarter worth $31,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ADM. Morgan Stanley dropped their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. 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 research report on Monday, February 24th. BMO Capital Markets dropped their target price on 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. UBS Group raised 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 report on Monday, May 19th. Finally, Bank of America cut Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $52.00.

Archer-Daniels-Midland Price Performance

Shares of Archer-Daniels-Midland stock traded down $0.29 during trading on Wednesday, hitting $48.34. 2,228,873 shares of the company were exchanged, compared to its average volume of 3,562,712. The firm has a 50 day moving average price of $47.35 and a 200 day moving average price of $49.08. The stock has a market capitalization of $23.22 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 1.54 and a beta of 0.69. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a fifty-two week low of $40.98 and a fifty-two week high of $66.08.

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

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.22%. Archer-Daniels-Midland's dividend payout ratio 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.