State of Tennessee Department of Treasury Lowers Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

State of Tennessee Department of Treasury lowered its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,112 shares of the company’s stock after selling 3,880 shares during the period. State of Tennessee Department of Treasury’s holdings in Archer-Daniels-Midland were worth $3,492,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Archer-Daniels-Midland by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company’s stock valued at $3,150,390,000 after buying an additional 706,567 shares during the last quarter. Wellington Management Group LLP grew its position in Archer-Daniels-Midland by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company’s stock valued at $1,068,626,000 after purchasing an additional 1,722,428 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Archer-Daniels-Midland by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company’s stock worth $590,305,000 after buying an additional 247,647 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company’s stock worth $524,531,000 after acquiring an additional 2,296,193 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Archer-Daniels-Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock worth $361,007,000 after purchasing an additional 1,420,625 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADM has been the subject of several research analyst reports. Stephens reduced their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. BMO Capital Markets cut their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley dropped their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Citigroup dropped their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Finally, Bank of America raised shares of Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and dropped their price objective for the stock from $48.00 to $47.00 in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $52.75.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $48.24 on Friday. The company has a market capitalization of $23.14 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. The firm’s 50 day simple moving average is $46.86 and its two-hundred day simple moving average is $50.19. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 earnings per share. Research analysts expect that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.51 per share. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.23%. Archer-Daniels-Midland’s dividend payout ratio is currently 56.51%.

About Archer-Daniels-Midland

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.