Caisse Des Depots ET Consignations Buys Shares of 25,296 Archer-Daniels-Midland Company (NYSE:ADM)

Caisse Des Depots ET Consignations purchased a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 25,296 shares of the company’s stock, valued at approximately $1,278,000.

Other institutional investors have also recently added to or reduced their stakes in the company. NEOS Investment Management LLC raised its stake in shares of Archer-Daniels-Midland by 31.2% in the 4th quarter. NEOS Investment Management LLC now owns 31,380 shares of the company’s stock valued at $1,585,000 after purchasing an additional 7,465 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in Archer-Daniels-Midland by 33.8% during the 4th quarter. UniSuper Management Pty Ltd now owns 51,432 shares of the company’s stock worth $2,598,000 after buying an additional 12,990 shares during the last quarter. Elo Mutual Pension Insurance Co increased its holdings in shares of Archer-Daniels-Midland by 13.4% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 49,622 shares of the company’s stock valued at $2,507,000 after acquiring an additional 5,868 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Archer-Daniels-Midland by 7.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 869,053 shares of the company’s stock valued at $43,496,000 after acquiring an additional 58,789 shares in the last quarter. Finally, Korea Investment CORP lifted its stake in Archer-Daniels-Midland by 72.1% during the fourth quarter. Korea Investment CORP now owns 275,476 shares of the company’s stock worth $13,917,000 after purchasing an additional 115,400 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on ADM. 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. Citigroup raised their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Bank of America dropped their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating on the stock in a research report 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 for the company in a research report on Wednesday, February 5th. Finally, Morgan Stanley cut their target price on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.63.

Archer-Daniels-Midland Stock Performance

ADM stock opened at $48.32 on Friday. The company has a 50-day simple moving average of $47.96 and a 200 day simple moving average of $52.32. The company has a market capitalization of $23.18 billion, a P/E ratio of 13.38, a PEG ratio of 1.54 and a beta of 0.67. 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 fifty-two week low of $44.92 and a fifty-two week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.36 earnings per share. Sell-side analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.51 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.04 annualized dividend and a yield of 4.22%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 56.51%.

Archer-Daniels-Midland declared that its board has authorized a stock buyback plan on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.