Elo Mutual Pension Insurance Co Has $2.51 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Elo Mutual Pension Insurance Co boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,622 shares of the company’s stock after buying an additional 5,868 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Archer-Daniels-Midland were worth $2,507,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. grew its holdings in Archer-Daniels-Midland by 179.4% during the fourth 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 last quarter. Stonebridge Financial Group LLC bought a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at approximately $28,000. ST Germain D J Co. Inc. lifted its stake in shares of Archer-Daniels-Midland by 724.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after buying an additional 500 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth $30,000. 78.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ADM has been the subject of a number of research analyst reports. BMO Capital Markets cut their target price on shares of 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. Morgan Stanley decreased their target price on 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. 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. Stephens lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Citigroup boosted their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Two investment 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 presently has a consensus rating of “Hold” and a consensus price target of $53.63.

Archer-Daniels-Midland Stock Down 0.8 %

ADM opened at $47.87 on Friday. The company has a market capitalization of $22.97 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The firm’s fifty day moving average price is $47.89 and its two-hundred day moving average price is $52.24. 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 issued its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same period in the previous year, the business earned $1.36 EPS. The firm’s revenue was down 6.4% on a year-over-year basis. On average, analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Tuesday, February 18th. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 56.51%.

Archer-Daniels-Midland declared that its board has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors 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.