LSV Asset Management lessened its position in shares of Archer Daniels Midland Company (NYSE:ADM – Free Report) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,020,967 shares of the company’s stock after selling 67,160 shares during the period. LSV Asset Management’s holdings in Archer Daniels Midland were worth $116,185,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Archer Daniels Midland by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 59,180,117 shares of the company’s stock worth $3,402,265,000 after purchasing an additional 536,265 shares in the last quarter. Dodge & Cox grew its holdings in shares of Archer Daniels Midland by 130.1% in the 3rd quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock valued at $900,195,000 after acquiring an additional 8,518,920 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Archer Daniels Midland by 3,379.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,761,397 shares of the company’s stock valued at $316,525,000 after acquiring an additional 5,595,801 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Archer Daniels Midland by 7.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,734,447 shares of the company’s stock valued at $223,112,000 after acquiring an additional 253,562 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Archer Daniels Midland by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,921,977 shares of the company’s stock valued at $174,559,000 after acquiring an additional 118,699 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.
Archer Daniels Midland Trading Up 0.5%
Archer Daniels Midland stock opened at $77.52 on Friday. Archer Daniels Midland Company has a 52 week low of $46.81 and a 52 week high of $83.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.80 and a current ratio of 1.31. The stock has a market capitalization of $37.36 billion, a P/E ratio of 34.76 and a beta of 0.59. The stock has a 50-day simple moving average of $73.21 and a 200 day simple moving average of $66.44.
Archer Daniels Midland Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, May 20th. This represents a $2.08 annualized dividend and a yield of 2.7%. Archer Daniels Midland’s dividend payout ratio (DPR) is 93.27%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on ADM. UBS Group raised their price objective on Archer Daniels Midland from $70.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Jefferies Financial Group raised their price objective on Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a report on Monday, April 6th. Wall Street Zen upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. BMO Capital Markets restated a “market perform” rating and issued a $63.00 price objective on shares of Archer Daniels Midland in a report on Wednesday, February 4th. Finally, Barclays raised their price objective on Archer Daniels Midland from $77.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.50.
Check Out Our Latest Research Report on Archer Daniels Midland
Insider Activity at Archer Daniels Midland
In other Archer Daniels Midland news, SVP Ian R. Pinner sold 34,106 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the completion of the sale, the senior vice president directly owned 90,676 shares in the company, valued at $6,486,054.28. This trade represents a 27.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Gregory A. Morris sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the sale, the senior vice president owned 300,122 shares of the company’s stock, valued at $20,552,354.56. This trade represents a 14.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.
Archer Daniels Midland Profile
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.
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