Janus Henderson Group PLC Acquires 46,511 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Janus Henderson Group PLC boosted its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 33.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,101 shares of the company's stock after purchasing an additional 46,511 shares during the quarter. Janus Henderson Group PLC's holdings in Archer-Daniels-Midland were worth $11,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Community Bank N.A. boosted its position in shares of Archer-Daniels-Midland by 3.7% during the 3rd quarter. Community Bank N.A. now owns 25,125 shares of the company's stock valued at $1,501,000 after acquiring an additional 887 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Archer-Daniels-Midland by 178.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 606,213 shares of the company's stock valued at $36,215,000 after purchasing an additional 388,433 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Archer-Daniels-Midland by 4.4% during the third quarter. Public Sector Pension Investment Board now owns 18,804 shares of the company's stock valued at $1,123,000 after purchasing an additional 800 shares during the last quarter. Glenmede Trust Co. NA grew its stake in Archer-Daniels-Midland by 47.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 23,578 shares of the company's stock worth $1,409,000 after buying an additional 7,558 shares in the last quarter. Finally, Townsquare Capital LLC increased its holdings in shares of Archer-Daniels-Midland by 24.4% in the 3rd quarter. Townsquare Capital LLC now owns 10,212 shares of the company's stock worth $610,000 after buying an additional 2,005 shares during the last quarter. 78.28% of the stock is owned by institutional investors.

Archer-Daniels-Midland Trading Up 1.1 %

Shares of NYSE:ADM traded up $0.56 during midday trading on Monday, hitting $51.98. 2,216,859 shares of the stock traded hands, compared to its average volume of 4,161,162. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $24.87 billion, a PE ratio of 14.85 and a beta of 0.72. Archer-Daniels-Midland Company has a one year low of $48.92 and a one year high of $77.35. The business's 50 day moving average is $55.01 and its two-hundred day moving average is $58.86.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, November 21st. Archer-Daniels-Midland's dividend payout ratio (DPR) is currently 57.14%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Morgan Stanley cut their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 12th. Barclays reduced their price objective on Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating on the stock in a research report on Wednesday, December 4th. UBS Group raised their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a "neutral" rating in a report on Monday, September 9th. Citigroup upped their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating for the company in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $61.08.

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.