Royal Bank of Canada Purchases 58,233 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Royal Bank of Canada lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,587,036 shares of the company's stock after purchasing an additional 58,233 shares during the period. Royal Bank of Canada owned 0.33% of Archer-Daniels-Midland worth $80,178,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Rafferty Asset Management LLC lifted its position in shares of Archer-Daniels-Midland by 12.4% during the fourth quarter. Rafferty Asset Management LLC now owns 41,500 shares of the company's stock valued at $2,097,000 after purchasing an additional 4,594 shares in the last quarter. ProShare Advisors LLC increased its holdings in Archer-Daniels-Midland by 18.0% during the fourth quarter. ProShare Advisors LLC now owns 3,410,560 shares of the company's stock worth $172,301,000 after buying an additional 520,615 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Archer-Daniels-Midland by 2.9% during the fourth quarter. Quantinno Capital Management LP now owns 35,951 shares of the company's stock worth $1,816,000 after buying an additional 1,026 shares during the last quarter. Mufg Securities Americas Inc. purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth about $357,000. Finally, NorthRock Partners LLC purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth about $251,000. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $50.00 on Tuesday. The company has a 50 day moving average of $47.20 and a 200 day moving average of $49.24. The stock has a market cap of $24.02 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $1.46 earnings per share. As a group, sell-side analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

The business 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 $0.51 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.08%. Archer-Daniels-Midland's dividend payout ratio is presently 72.86%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ADM shares. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Bank of America downgraded shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. BMO Capital Markets reduced their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Citigroup reduced their target price on shares of 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. Finally, 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 research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $52.00.

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.

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