Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,500,871 shares of the company’s stock after buying an additional 28,372 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.31% of Archer-Daniels-Midland worth $75,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter valued at $28,000. Raleigh Capital Management Inc. increased its holdings in shares of Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after buying an additional 357 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its position in shares of Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. 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. Barclays cut their target price on shares of 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. BMO Capital Markets decreased 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. Finally, Citigroup raised their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and a consensus target price of $56.33.

Archer-Daniels-Midland Stock Up 0.4 %

Shares of Archer-Daniels-Midland stock opened at $45.74 on Monday. Archer-Daniels-Midland Company has a 1-year low of $45.01 and a 1-year high of $66.08. The company has a market capitalization of $21.89 billion, a PE ratio of 12.67 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.44 and a quick ratio of 0.84. The business has a 50-day moving average of $50.72 and a 200-day moving average of $55.38.

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

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.51 per share. 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. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio is 55.40%.

Archer-Daniels-Midland announced that its board has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.