Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stake in Archer Daniels Midland Company $ADM

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,243 shares of the company’s stock after buying an additional 4,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Archer Daniels Midland were worth $3,391,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Archer Daniels Midland in the first quarter valued at about $25,000. SOA Wealth Advisors LLC. acquired a new stake in shares of Archer Daniels Midland in the second quarter valued at about $25,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Archer Daniels Midland in the second quarter valued at about $32,000. Pandora Wealth Inc. acquired a new stake in shares of Archer Daniels Midland in the first quarter valued at about $39,000. Finally, Elite Financial Inc. acquired a new stake in shares of Archer Daniels Midland in the first quarter valued at about $42,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Price Performance

Shares of NYSE ADM opened at $60.72 on Friday. The stock has a market cap of $29.18 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 4.78 and a beta of 0.70. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $65.00. The company’s 50-day moving average price is $61.75 and its 200 day moving average price is $55.43. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The firm had revenue of $21.70 billion for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. As a group, research analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland’s payout ratio is currently 89.87%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price objective for the company. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Morgan Stanley raised their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Archer Daniels Midland has an average rating of “Hold” and an average price target of $55.50.

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.