Investment Management Corp of Ontario Grows Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Investment Management Corp of Ontario grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,738 shares of the company's stock after buying an additional 5,281 shares during the quarter. Investment Management Corp of Ontario's holdings in Archer-Daniels-Midland were worth $1,098,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADM. West Financial Advisors LLC raised its stake in shares of Archer-Daniels-Midland by 10.1% during the fourth quarter. West Financial Advisors LLC now owns 2,201 shares of the company's stock valued at $111,000 after acquiring an additional 201 shares in the last quarter. Hantz Financial Services Inc. raised its position in Archer-Daniels-Midland by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock valued at $109,000 after purchasing an additional 210 shares in the last quarter. Invesco LLC lifted its holdings in shares of Archer-Daniels-Midland by 1.3% in the 4th quarter. Invesco LLC now owns 16,242 shares of the company's stock worth $821,000 after buying an additional 211 shares during the period. Advisor OS LLC grew its position in shares of Archer-Daniels-Midland by 4.9% during the 4th quarter. Advisor OS LLC now owns 4,565 shares of the company's stock worth $231,000 after buying an additional 212 shares in the last quarter. Finally, Advisory Alpha LLC raised its holdings in shares of Archer-Daniels-Midland by 2.8% in the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock valued at $402,000 after acquiring an additional 216 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ADM shares. Bank of America downgraded shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and cut their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Citigroup cut their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Stephens lowered their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. BMO Capital Markets reduced their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Finally, Morgan Stanley dropped their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of "Hold" and a consensus target price of $52.50.

Archer-Daniels-Midland Stock Up 2.6%

Shares of Archer-Daniels-Midland stock traded up $1.29 during trading on Friday, reaching $50.15. The company's stock had a trading volume of 3,226,971 shares, compared to its average volume of 3,583,787. The company has a 50-day simple moving average of $47.11 and a two-hundred day simple moving average of $49.40. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The company has a market cap of $24.09 billion, a price-to-earnings ratio of 13.89, 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 (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The business had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The company's revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 earnings per share. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.07%. Archer-Daniels-Midland's 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.