Alberta Investment Management Corp Has $2.81 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Alberta Investment Management Corp increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 49.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,680 shares of the company’s stock after buying an additional 18,480 shares during the quarter. Alberta Investment Management Corp’s holdings in Archer-Daniels-Midland were worth $2,813,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Archer-Daniels-Midland by 64.6% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 23,301 shares of the company’s stock worth $1,177,000 after purchasing an additional 9,144 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its position in Archer-Daniels-Midland by 1.0% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 223,050 shares of the company’s stock worth $11,268,000 after purchasing an additional 2,158 shares during the period. Empower Advisory Group LLC grew its stake in Archer-Daniels-Midland by 6.7% during the fourth quarter. Empower Advisory Group LLC now owns 1,215,242 shares of the company’s stock worth $61,394,000 after buying an additional 76,787 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Archer-Daniels-Midland by 1.9% in the 4th quarter. CIBC Asset Management Inc now owns 85,318 shares of the company’s stock valued at $4,310,000 after buying an additional 1,557 shares during the period. Finally, Csenge Advisory Group raised its position in shares of Archer-Daniels-Midland by 60.8% in the 4th quarter. Csenge Advisory Group now owns 35,954 shares of the company’s stock valued at $1,816,000 after buying an additional 13,598 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ADM. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley decreased their price target 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. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Barclays reduced their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Finally, Bank of America lowered their target price on Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.11.

Archer-Daniels-Midland Price Performance

Archer-Daniels-Midland stock opened at $46.55 on Friday. The company has a market capitalization of $22.27 billion, a PE ratio of 12.89, a P/E/G ratio of 1.46 and a beta of 0.72. The company has a current ratio of 5.44, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average price of $49.55 and a two-hundred day moving average price of $54.42. Archer-Daniels-Midland Company has a 12 month low of $44.92 and a 12 month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $22.77 billion. During the same quarter last year, the business earned $1.36 EPS. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. Analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.51 dividend. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.38%. Archer-Daniels-Midland’s payout ratio is currently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a stock buyback 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. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.