Sumitomo Mitsui DS Asset Management Company Ltd Has $3.66 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Archer-Daniels-Midland Company (NYSE:ADM) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,724 shares of the company’s stock after purchasing an additional 421 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Archer-Daniels-Midland were worth $3,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADM. Signaturefd LLC lifted its holdings in Archer-Daniels-Midland by 1.0% during the fourth quarter. Signaturefd LLC now owns 18,051 shares of the company’s stock worth $1,304,000 after acquiring an additional 183 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its stake in Archer-Daniels-Midland by 8.0% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 3,554 shares of the company’s stock worth $257,000 after purchasing an additional 262 shares in the last quarter. Lindbrook Capital LLC raised its holdings in Archer-Daniels-Midland by 58.2% during the 4th quarter. Lindbrook Capital LLC now owns 2,193 shares of the company’s stock worth $158,000 after buying an additional 807 shares during the period. abrdn plc lifted its stake in Archer-Daniels-Midland by 32.9% in the fourth quarter. abrdn plc now owns 425,311 shares of the company’s stock valued at $30,716,000 after buying an additional 105,361 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in shares of Archer-Daniels-Midland by 35.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 18,830 shares of the company’s stock worth $1,360,000 after acquiring an additional 4,919 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADM has been the subject of a number of research analyst reports. Stifel Nicolaus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and reduced their target price for the stock from $116.00 to $56.00 in a research note on Monday, January 22nd. Robert W. Baird downgraded Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $96.00 to $61.00 in a report on Monday, January 22nd. Roth Capital downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Citigroup upped their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, The Goldman Sachs Group downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $90.00 to $67.00 in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Trading Down 0.2 %

Shares of NYSE:ADM opened at $62.50 on Tuesday. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60. The company has a market capitalization of $31.36 billion, a P/E ratio of 9.77 and a beta of 0.77. The company has a 50-day simple moving average of $58.46 and a 200 day simple moving average of $65.48.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The business had revenue of $22.98 billion during the quarter, compared to analyst estimates of $23.79 billion. During the same period in the previous year, the business earned $1.93 earnings per share. The business’s quarterly revenue was down 11.4% on a year-over-year basis. Sell-side analysts forecast that Archer-Daniels-Midland Company will post 5.48 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th were issued a $0.50 dividend. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Wednesday, February 7th. Archer-Daniels-Midland’s payout ratio is currently 31.25%.

Archer-Daniels-Midland announced that its board has initiated a share repurchase program on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 6.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is 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.