Mercer Global Advisors Inc. ADV Buys Shares of 50,747 Archer-Daniels-Midland Company (NYSE:ADM)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 50,747 shares of the company's stock, valued at approximately $2,564,000.

Other large investors also recently modified their holdings of the company. AustralianSuper Pty Ltd grew its position in Archer-Daniels-Midland by 26.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock valued at $87,409,000 after acquiring an additional 360,844 shares during the period. Amundi grew its holdings in shares of Archer-Daniels-Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company's stock worth $123,340,000 after purchasing an additional 894,562 shares during the last quarter. Hickory Point Bank & Trust acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth about $1,217,000. Semanteon Capital Management LP bought a new position in Archer-Daniels-Midland during the 4th quarter valued at about $614,000. Finally, Aigen Investment Management LP boosted its position in Archer-Daniels-Midland by 127.7% in the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock valued at $2,372,000 after buying an additional 26,329 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Morgan Stanley cut 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. BMO Capital Markets reduced their price objective on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 5th. Citigroup decreased their target price on 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 reduced their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Finally, Bank of America cut shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $47.00 to $45.00 in a research report on Thursday. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of "Hold" and a consensus target price of $52.50.

Archer-Daniels-Midland Trading Up 1.8 %

Shares of ADM traded up $0.85 on Friday, reaching $48.55. 3,079,708 shares of the company's stock were exchanged, compared to its average volume of 3,579,831. The business has a 50 day moving average price of $47.01 and a two-hundred day moving average price of $49.59. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The stock has a market capitalization of $23.33 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. 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 posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating 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 company 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 business posted $1.46 EPS. The firm's quarterly revenue was down 7.7% on a year-over-year basis. Research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders 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 dividend yield of 4.20%. 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.