Sumitomo Mitsui Trust Group Inc. Has $75.82 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Sumitomo Mitsui Trust Group Inc. boosted its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,500,871 shares of the company's stock after purchasing an additional 28,372 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.31% of Archer-Daniels-Midland worth $75,824,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ADM. Harbor Capital Advisors Inc. bought a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in Archer-Daniels-Midland during the third quarter valued at approximately $26,000. Peterson Financial Group Inc. bought a new stake in Archer-Daniels-Midland in the third quarter valued at approximately $28,000. Raleigh Capital Management Inc. boosted its position in shares of Archer-Daniels-Midland by 179.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 556 shares of the company's stock worth $28,000 after purchasing an additional 357 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its holdings in shares of Archer-Daniels-Midland by 724.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company's stock valued at $29,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on ADM shares. Morgan Stanley dropped their price objective 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. Bank of America dropped their price target on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research report on Tuesday. Barclays cut their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. BMO Capital Markets lowered their target price on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Finally, Citigroup lifted their price target on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of "Hold" and an average price target of $55.11.

Archer-Daniels-Midland Stock Up 1.2 %

Shares of ADM traded up $0.56 during mid-day trading on Thursday, hitting $45.78. 5,554,988 shares of the company's stock were exchanged, compared to its average volume of 3,675,868. The company has a 50-day simple moving average of $50.29 and a 200 day simple moving average of $55.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.44 and a quick ratio of 0.84. The company has a market cap of $21.91 billion, a PE ratio of 12.68 and a beta of 0.72. Archer-Daniels-Midland Company has a 52 week low of $44.92 and a 52 week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. During the same period in the previous year, the business earned $1.36 EPS. The company's revenue was down 6.4% compared to the same quarter last year. On average, research analysts forecast that Archer-Daniels-Midland Company will post 4.53 earnings per share for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.46%. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 55.40%.

Archer-Daniels-Midland declared that its board has authorized a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Archer-Daniels-Midland Company 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.