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

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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. owned approximately 0.31% of Archer-Daniels-Midland worth $97,753,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ADM. Bank of America lowered their price objective on shares of 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. Citigroup upped their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. BMO Capital Markets lowered their price target on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. Finally, Jefferies Financial Group lowered their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus price target of $67.50.

View Our Latest Analysis on Archer-Daniels-Midland

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the transaction, the insider now directly owns 8,555 shares in the company, valued at approximately $519,545.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM opened at $62.65 on Thursday. The stock has a market cap of $30.98 billion, a price-to-earnings ratio of 10.99 and a beta of 0.74. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.30. The company’s 50-day moving average price is $60.92 and its 200 day moving average price is $61.01. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. The company had revenue of $21.85 billion for the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 EPS. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 5.62 earnings per share for the current fiscal year.

Archer-Daniels-Midland Dividend Announcement

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

Archer-Daniels-Midland declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

About Archer-Daniels-Midland

(Free Report)

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.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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