TIAA Trust National Association Grows Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

TIAA Trust National Association increased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 18.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,466 shares of the company’s stock after buying an additional 1,754 shares during the quarter. TIAA Trust National Association’s holdings in Archer-Daniels-Midland were worth $720,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Cherry Tree Wealth Management LLC purchased a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $27,000. Rise Advisors LLC purchased a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $34,000. BOK Financial Private Wealth Inc. purchased a new stake in Archer-Daniels-Midland in the first quarter valued at approximately $34,000. EdgeRock Capital LLC purchased a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $35,000. Finally, Sachetta LLC purchased a new stake in Archer-Daniels-Midland in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup cut their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $67.43.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the transaction, the insider now owns 8,555 shares of the company’s stock, valued at $519,545.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Down 0.9 %

NYSE:ADM traded down $0.60 during trading hours on Friday, hitting $64.19. The company’s stock had a trading volume of 2,730,395 shares, compared to its average volume of 4,394,203. The stock has a market capitalization of $31.74 billion, a P/E ratio of 11.26 and a beta of 0.74. The stock has a fifty day moving average of $61.73 and a 200-day moving average of $60.33. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.35 by $0.11. The firm had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. Archer-Daniels-Midland’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.09 earnings per share. On average, equities analysts forecast that Archer-Daniels-Midland Company will post 5.56 earnings per share for the current year.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.12%. The ex-dividend date was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

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.