National Pension Service cut its stake in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 943,193 shares of the company’s stock after selling 24,751 shares during the quarter. National Pension Service’s holdings in Archer Daniels Midland were worth $54,224,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Archer Daniels Midland during the fourth quarter valued at approximately $675,000. Savant Capital LLC grew its holdings in shares of Archer Daniels Midland by 3.9% during the fourth quarter. Savant Capital LLC now owns 18,562 shares of the company’s stock valued at $1,067,000 after purchasing an additional 692 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Archer Daniels Midland by 2.3% during the fourth quarter. Intech Investment Management LLC now owns 27,682 shares of the company’s stock valued at $1,591,000 after purchasing an additional 625 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Archer Daniels Midland by 76.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 21,137 shares of the company’s stock valued at $1,215,000 after purchasing an additional 9,161 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of Archer Daniels Midland by 3.6% during the fourth quarter. Huntington National Bank now owns 20,835 shares of the company’s stock valued at $1,198,000 after purchasing an additional 721 shares during the last quarter. 78.28% of the stock is owned by institutional investors.
Archer Daniels Midland Stock Down 0.3%
ADM opened at $79.80 on Friday. Archer Daniels Midland Company has a 12 month low of $46.81 and a 12 month high of $83.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 0.80. The stock has a market cap of $38.46 billion, a P/E ratio of 35.79 and a beta of 0.59. The stock’s 50 day moving average price is $73.95 and its 200 day moving average price is $67.17.
Archer Daniels Midland Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 93.27%.
Analysts Set New Price Targets
ADM has been the subject of several recent research reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $63.00 target price on shares of Archer Daniels Midland in a report on Wednesday, February 4th. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Monday, April 20th. Morgan Stanley raised their target price on Archer Daniels Midland from $54.00 to $58.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. raised their target price on Archer Daniels Midland from $65.00 to $74.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $74.50.
Read Our Latest Analysis on Archer Daniels Midland
Insiders Place Their Bets
In other Archer Daniels Midland news, SVP Ian R. Pinner sold 34,106 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the completion of the transaction, the senior vice president directly owned 90,676 shares of the company’s stock, valued at approximately $6,486,054.28. This trade represents a 27.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Gregory A. Morris sold 50,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total value of $3,424,000.00. Following the transaction, the senior vice president directly owned 300,122 shares of the company’s stock, valued at approximately $20,552,354.56. The trade was a 14.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.
About Archer Daniels Midland
Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.
ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.
Featured Stories
- Five stocks we like better than Archer Daniels Midland
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADM – Free Report).
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.
