Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,057 shares of the company’s stock after buying an additional 1,073 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Archer-Daniels-Midland were worth $2,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADM. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Archer-Daniels-Midland by 1.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,500,871 shares of the company’s stock worth $75,824,000 after purchasing an additional 28,372 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth $1,005,000. Mather Group LLC. increased its holdings in Archer-Daniels-Midland by 10.6% in the fourth quarter. Mather Group LLC. now owns 244,539 shares of the company’s stock valued at $12,354,000 after buying an additional 23,378 shares in the last quarter. Burford Brothers Inc. raised its position in shares of Archer-Daniels-Midland by 12.5% in the fourth quarter. Burford Brothers Inc. now owns 12,645 shares of the company’s stock worth $639,000 after acquiring an additional 1,406 shares during the period. Finally, DAVENPORT & Co LLC grew its holdings in Archer-Daniels-Midland by 1.1% in the fourth quarter. DAVENPORT & Co LLC now owns 21,283 shares of the company’s stock valued at $1,075,000 after purchasing an additional 226 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $63.00 to $54.00 in a research note on Tuesday, January 14th. BMO Capital Markets reduced their price target 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 lowered their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Stephens reduced their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Barclays lowered their price target 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. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and an average price target of $56.33.

Archer-Daniels-Midland Stock Up 0.4 %

Shares of ADM opened at $45.74 on Monday. The stock has a fifty day simple moving average of $50.72 and a two-hundred day simple moving average of $55.38. The company has a quick ratio of 0.84, a current ratio of 5.44 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $21.89 billion, a PE ratio of 12.67 and a beta of 0.72. Archer-Daniels-Midland Company has a 52-week low of $45.01 and a 52-week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. Archer-Daniels-Midland’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 earnings per share. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.53 EPS for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a yield of 4.46%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is currently 55.40%.

Archer-Daniels-Midland announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

About Archer-Daniels-Midland

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.