Archer-Daniels-Midland Company (NYSE:ADM) Position Trimmed by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.6% during the 1st quarter, HoldingsChannel reports. The fund owned 1,556,329 shares of the company’s stock after selling 42,018 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Archer-Daniels-Midland were worth $97,753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $28,000. Tompkins Financial Corp purchased a new position in Archer-Daniels-Midland during the 3rd quarter valued at about $28,000. Rise Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland during the 1st quarter valued at about $34,000. EdgeRock Capital LLC acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at about $35,000. Finally, Sachetta LLC acquired a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ADM shares. Citigroup lifted their price target on Archer-Daniels-Midland from $63.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Bank of America reduced their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. BMO Capital Markets reduced their price target on Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a report on Wednesday, March 13th. Finally, Jefferies Financial Group reduced their price target on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Stock Up 0.8 %

Shares of ADM stock opened at $62.65 on Thursday. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.30. The firm has a market cap of $30.98 billion, a PE ratio of 10.99 and a beta of 0.74. The stock has a 50 day moving average of $60.92 and a 200-day moving average of $61.01. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The company had revenue of $21.85 billion during the quarter, compared to analyst estimates of $22.26 billion. During the same period in the previous year, the company earned $2.09 earnings per share. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, equities analysts predict that Archer-Daniels-Midland Company will post 5.62 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 35.09%.

Archer-Daniels-Midland announced that its board has initiated a share repurchase plan on Tuesday, March 12th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the sale, the insider now directly owns 8,555 shares in the company, valued at $519,545.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Company 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.