ProShare Advisors LLC Grows Position in Archer-Daniels-Midland Company (NYSE:ADM)

ProShare Advisors LLC raised its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,410,560 shares of the company's stock after purchasing an additional 520,615 shares during the quarter. ProShare Advisors LLC owned 0.71% of Archer-Daniels-Midland worth $172,301,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. grew its stake in shares of Archer-Daniels-Midland by 179.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock valued at $28,000 after buying an additional 357 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter valued at about $28,000. Crews Bank & Trust acquired a new stake in Archer-Daniels-Midland during the 4th quarter valued at approximately $30,000. Finally, CoreFirst Bank & Trust purchased a new stake in Archer-Daniels-Midland during the 4th quarter worth approximately $30,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Price Performance

ADM opened at $49.48 on Thursday. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year 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. The stock has a fifty day moving average price of $47.14 and a 200 day moving average price of $49.46.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last announced 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 company had revenue of $20.18 billion during the quarter, compared to analysts' expectations of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.12%. Archer-Daniels-Midland's dividend payout ratio is 72.86%.

Analysts Set New Price Targets

Several research firms have recently commented on ADM. Bank of America cut Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Stephens dropped their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley dropped their price target 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. Citigroup dropped their price target 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, 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 equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $52.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.