Rhumbline Advisers Boosts Position in Archer-Daniels-Midland Company (NYSE:ADM)

Rhumbline Advisers lifted its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 980,747 shares of the company's stock after purchasing an additional 54,926 shares during the period. Rhumbline Advisers owned about 0.20% of Archer-Daniels-Midland worth $47,086,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ADM. Norges Bank bought a new position in shares of Archer-Daniels-Midland in the fourth quarter worth about $333,521,000. Wellington Management Group LLP grew its holdings in 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 worth $1,068,626,000 after acquiring an additional 1,722,428 shares in the last quarter. Invesco Ltd. grew its holdings in Archer-Daniels-Midland by 24.8% during the 4th 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 in the last quarter. Amundi grew its holdings in Archer-Daniels-Midland by 56.7% during the 4th quarter. Amundi now owns 2,473,393 shares of the company's stock worth $123,340,000 after acquiring an additional 894,562 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in Archer-Daniels-Midland by 56.8% during the 4th quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock worth $117,658,000 after acquiring an additional 843,662 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ADM shares. UBS Group raised shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $55.00 to $60.00 in a research note on Monday, May 19th. Citigroup reduced their price target 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 dropped their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Morgan Stanley reduced their target price on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Finally, BMO Capital Markets lowered their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of "Hold" and an average price target of $52.00.

Archer-Daniels-Midland Stock Down 0.6%

Shares of Archer-Daniels-Midland stock traded down $0.29 on Thursday, reaching $46.96. The stock had a trading volume of 2,287,603 shares, compared to its average volume of 3,523,790. The company has a 50 day moving average price of $47.47 and a 200 day moving average price of $48.92. 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 1 year low of $40.98 and a 1 year high of $66.08. The stock has a market capitalization of $22.56 billion, a P/E ratio of 13.01, a P/E/G ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The company had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. Archer-Daniels-Midland's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the business earned $1.46 EPS. As a group, equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Wednesday, May 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 72.86%.

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.