Sumitomo Mitsui Trust Holdings Inc. lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM – Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,598,347 shares of the company’s stock after selling 41,680 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.30% of Archer-Daniels-Midland worth $115,433,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Louisiana State Employees Retirement System bought a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at approximately $2,333,000. Simplicity Solutions LLC increased its position in shares of Archer-Daniels-Midland by 69.2% during the 4th quarter. Simplicity Solutions LLC now owns 19,748 shares of the company’s stock valued at $1,426,000 after purchasing an additional 8,079 shares during the last quarter. Graypoint LLC increased its position in shares of Archer-Daniels-Midland by 23.4% during the 4th quarter. Graypoint LLC now owns 3,550 shares of the company’s stock valued at $256,000 after purchasing an additional 674 shares during the last quarter. Sapient Capital LLC bought a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at approximately $313,000. Finally, G&S Capital LLC increased its position in shares of Archer-Daniels-Midland by 2.9% during the 4th quarter. G&S Capital LLC now owns 18,121 shares of the company’s stock valued at $1,309,000 after purchasing an additional 511 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.
Archer-Daniels-Midland Trading Down 0.4 %
Shares of NYSE ADM opened at $60.26 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95. The stock has a market capitalization of $30.24 billion, a P/E ratio of 9.42 and a beta of 0.77. Archer-Daniels-Midland Company has a 1-year low of $50.72 and a 1-year high of $87.30. The business has a fifty day moving average price of $57.76 and a 200 day moving average price of $65.81.
Archer-Daniels-Midland announced that its board has approved a share repurchase plan on Tuesday, March 12th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to purchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
Archer-Daniels-Midland Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th were paid a $0.50 dividend. The ex-dividend date was Wednesday, February 7th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.32%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 31.25%.
Analyst Ratings Changes
Several equities analysts have commented on the company. Jefferies Financial Group cut their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Wednesday, March 13th. Stifel Nicolaus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating and cut their price objective for the company from $116.00 to $56.00 in a research report on Monday, January 22nd. Bank of America cut their price objective on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. UBS Group reaffirmed a “neutral” rating and issued a $51.00 price objective (down previously from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. Finally, StockNews.com downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $67.50.
View Our Latest Stock Analysis on ADM
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.
Read More
- Five stocks we like better than Archer-Daniels-Midland
- 3 Healthcare Dividend Stocks to Buy
- Silicon Motion Proves That AI in Motion Stays in Motion
- Technology Stocks Explained: Here’s What to Know About Tech
- Undervalued UnitedHealth Group Won’t Be For Long
- How to Buy Cheap Stocks Step by Step
- The 5 Stocks Most Sold By Insiders This Year
Receive News & Ratings for Archer-Daniels-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland and related companies with MarketBeat.com's FREE daily email newsletter.