Nomura Asset Management Co. Ltd. Has $42.86 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Nomura Asset Management Co. Ltd. lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 18.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 848,364 shares of the company’s stock after purchasing an additional 129,525 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.18% of Archer-Daniels-Midland worth $42,859,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at $25,000. Raleigh Capital Management Inc. raised its holdings in shares of Archer-Daniels-Midland by 179.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Archer-Daniels-Midland in the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. increased its holdings in Archer-Daniels-Midland by 724.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of Archer-Daniels-Midland in the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. BMO Capital Markets cut their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research 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. Stephens cut their price target on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup increased their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley cut their target price 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. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.63.

Archer-Daniels-Midland Trading Down 0.8 %

Shares of ADM stock opened at $47.87 on Friday. Archer-Daniels-Midland Company has a 12-month low of $44.92 and a 12-month high of $66.08. 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 of $47.89 and a 200-day moving average of $52.24. The firm has a market cap of $22.97 billion, a P/E ratio of 13.26, a PEG ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

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

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.