Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,973 shares of the company's stock after selling 18,558 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Archer-Daniels-Midland were worth $2,983,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. CWM LLC raised its position in Archer-Daniels-Midland by 12.7% during the third quarter. CWM LLC now owns 28,341 shares of the company's stock worth $1,693,000 after acquiring an additional 3,190 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Archer-Daniels-Midland by 3.4% during the 3rd quarter. UMB Bank n.a. now owns 5,830 shares of the company's stock worth $348,000 after purchasing an additional 194 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Archer-Daniels-Midland by 225.7% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,550 shares of the company's stock valued at $212,000 after buying an additional 2,460 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Archer-Daniels-Midland by 300.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the company's stock valued at $573,000 after buying an additional 7,203 shares during the last quarter. Finally, CVA Family Office LLC increased its position in Archer-Daniels-Midland by 10.8% during the third quarter. CVA Family Office LLC now owns 3,759 shares of the company's stock worth $225,000 after buying an additional 367 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Ratings Changes

ADM has been the topic of several recent research reports. Barclays reduced their price objective on Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. Citigroup upped their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Morgan Stanley lowered their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday. Bank of America reduced their price objective on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets lowered 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 note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $55.11.

Archer-Daniels-Midland Trading Up 1.2 %

ADM stock traded up $0.56 on Thursday, hitting $45.78. 5,554,988 shares of the company were exchanged, compared to its average volume of 3,675,868. The stock has a market capitalization of $21.91 billion, a price-to-earnings ratio of 12.68 and a beta of 0.72. The business's fifty day moving average is $50.29 and its two-hundred day moving average is $55.01. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.44 and a quick ratio of 0.84.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.07. The business had revenue of $21.50 billion during 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 for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 EPS. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 4.53 earnings per share for the current year.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders 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 dividend yield of 4.46%. The ex-dividend date is Tuesday, February 18th. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 55.40%.

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.