Nordea Investment Management AB Sells 2,513,113 Shares of Archer Daniels Midland Company $ADM

Nordea Investment Management AB cut its position in Archer Daniels Midland Company (NYSE:ADM) by 98.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,590 shares of the company’s stock after selling 2,513,113 shares during the quarter. Nordea Investment Management AB’s holdings in Archer Daniels Midland were worth $2,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Archer Daniels Midland by 52.8% in the first quarter. GAMMA Investing LLC now owns 11,222 shares of the company’s stock valued at $539,000 after buying an additional 3,880 shares during the last quarter. SG Americas Securities LLC bought a new stake in Archer Daniels Midland in the 1st quarter valued at $333,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Archer Daniels Midland by 0.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 53,303 shares of the company’s stock valued at $2,559,000 after purchasing an additional 343 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Archer Daniels Midland by 18.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 167,515 shares of the company’s stock worth $8,042,000 after purchasing an additional 26,328 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Archer Daniels Midland by 7.4% in the first quarter. Asset Management One Co. Ltd. now owns 197,432 shares of the company’s stock valued at $9,479,000 after purchasing an additional 13,670 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Stock Up 0.2%

Shares of NYSE ADM opened at $61.82 on Thursday. The stock has a market capitalization of $29.70 billion, a P/E ratio of 27.23, a PEG ratio of 4.87 and a beta of 0.70. The stock’s fifty day moving average is $61.55 and its 200 day moving average is $54.60. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Monday, December 2nd. The company reported $1.63 earnings per share (EPS) for the quarter. The firm had revenue of $21.70 billion for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. Sell-side analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Archer Daniels Midland’s payout ratio is 89.87%.

Analyst Ratings Changes

ADM has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $61.00 price target on the stock. UBS Group reaffirmed a “buy” rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Morgan Stanley lifted their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $50.00 to $61.00 in a research note on Wednesday, August 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Archer Daniels Midland currently has a consensus rating of “Hold” and a consensus price target of $55.50.

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.