Public Employees Retirement System of Ohio Has $14.15 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Public Employees Retirement System of Ohio raised its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 9.2% during the fourth quarter, according to the company in 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.

Several other hedge funds have also made changes to their positions in the business. Barclays PLC lifted its position in shares of Archer-Daniels-Midland by 52.0% during the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company's stock worth $89,738,000 after buying an additional 514,005 shares during the last quarter. Merit Financial Group LLC boosted its position in shares of Archer-Daniels-Midland by 11.6% during the 4th quarter. Merit Financial Group LLC now owns 5,344 shares of the company's stock worth $270,000 after purchasing an additional 555 shares in the last quarter. Mutual Advisors LLC boosted its holdings in Archer-Daniels-Midland by 13.3% during the fourth quarter. Mutual Advisors LLC now owns 22,994 shares of the company's stock worth $1,173,000 after buying an additional 2,701 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Archer-Daniels-Midland by 12.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 5,971 shares of the company's stock worth $302,000 after acquiring an additional 676 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in Archer-Daniels-Midland by 17.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,246 shares of the company's stock valued at $113,000 after purchasing an additional 341 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Archer-Daniels-Midland Stock Down 0.8%

NYSE ADM traded down $0.41 during trading on Friday, reaching $47.96. 798,931 shares of the company's stock were exchanged, compared to its average volume of 3,547,171. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $23.04 billion, a PE ratio of 13.30, a P/E/G ratio of 1.54 and a beta of 0.69. The company's fifty day simple moving average is $47.44 and its 200-day simple moving average is $49.04. 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 released 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. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The firm's revenue was down 7.7% on a year-over-year basis. Sell-side analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be given 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 of this dividend is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 72.86%.

Analysts Set New Price Targets

ADM has been the subject of several recent research reports. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Stephens reduced their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup lowered their target price 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. UBS Group upgraded shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Finally, Barclays reduced their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of "Hold" and a consensus 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.