OMERS ADMINISTRATION Corp Sells 9,932 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

OMERS ADMINISTRATION Corp reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,870 shares of the company’s stock after selling 9,932 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Archer-Daniels-Midland were worth $2,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares 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. boosted its stake in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock valued at $28,000 after purchasing an additional 357 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Archer-Daniels-Midland in the 4th quarter valued at approximately $28,000. Crews Bank & Trust bought a new position in Archer-Daniels-Midland in the 4th quarter worth approximately $30,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter worth approximately $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Stephens dropped their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. BMO Capital Markets dropped their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Barclays reduced their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, February 24th. Citigroup lowered their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Finally, Morgan Stanley reduced their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating for the company 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $52.50.

Archer-Daniels-Midland Stock Down 2.4%

Shares of ADM opened at $49.48 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $47.14 and a two-hundred day moving average price of $49.46. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 13.71, 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.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, topping the consensus estimate 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 business had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. During the same quarter last year, the company earned $1.46 EPS. Archer-Daniels-Midland’s revenue was down 7.7% on a year-over-year basis. Equities analysts predict that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

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