Janus Henderson Group PLC Has $2.94 Million Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Janus Henderson Group PLC lowered its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 68.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,281 shares of the company’s stock after selling 126,820 shares during the period. Janus Henderson Group PLC’s holdings in Archer-Daniels-Midland were worth $2,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. AustralianSuper Pty Ltd raised its holdings in Archer-Daniels-Midland by 26.4% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company’s stock valued at $87,409,000 after acquiring an additional 360,844 shares in the last quarter. Amundi raised its stake in Archer-Daniels-Midland by 56.7% in the fourth quarter. Amundi now owns 2,473,393 shares of the company’s stock valued at $123,340,000 after purchasing an additional 894,562 shares in the last quarter. Hickory Point Bank & Trust acquired a new stake in Archer-Daniels-Midland during the fourth quarter worth about $1,217,000. Semanteon Capital Management LP bought a new position in Archer-Daniels-Midland in the 4th quarter valued at about $614,000. Finally, Aigen Investment Management LP raised its position in shares of Archer-Daniels-Midland by 127.7% in the 4th quarter. Aigen Investment Management LP now owns 46,950 shares of the company’s stock valued at $2,372,000 after buying an additional 26,329 shares in the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADM has been the topic of a number of recent analyst reports. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, February 5th. Stephens reduced their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. UBS Group raised Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $60.00 in a research note on Monday. Finally, Barclays reduced their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.00.

Archer-Daniels-Midland Trading Up 0.4%

Shares of NYSE ADM opened at $50.20 on Wednesday. The firm has a 50 day moving average price of $47.26 and a two-hundred day moving average price of $49.25. The stock has a market cap of $24.12 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. Archer-Daniels-Midland Company has a 52-week low of $40.98 and a 52-week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. During the same period last year, the company earned $1.46 EPS. Archer-Daniels-Midland’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, equities analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 72.86%.

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.