Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 869,053 shares of the company's stock after purchasing an additional 58,789 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of Archer-Daniels-Midland worth $43,496,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of Archer-Daniels-Midland by 41.5% in the 3rd quarter. Wellington Management Group LLP now owns 19,430,111 shares of the company's stock worth $1,160,755,000 after buying an additional 5,702,451 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock worth $524,531,000 after purchasing an additional 2,296,193 shares during the period. State Street Corp lifted its stake in shares of Archer-Daniels-Midland by 3.3% in the 3rd quarter. State Street Corp now owns 32,045,672 shares of the company's stock valued at $1,914,408,000 after purchasing an additional 1,018,256 shares in the last quarter. FMR LLC grew its holdings in shares of Archer-Daniels-Midland by 33.9% during the 3rd quarter. FMR LLC now owns 3,979,867 shares of the company's stock worth $237,757,000 after purchasing an additional 1,007,494 shares during the period. Finally, Amundi raised its holdings in Archer-Daniels-Midland by 56.7% in the fourth quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after buying an additional 894,562 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

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Archer-Daniels-Midland Stock Down 0.9 %

ADM traded down $0.43 on Wednesday, reaching $47.78. The company's stock had a trading volume of 1,255,405 shares, compared to its average volume of 3,594,373. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81. Archer-Daniels-Midland Company has a 1 year low of $44.92 and a 1 year high of $66.08. The business's 50 day moving average is $47.77 and its 200 day moving average is $51.97. The stock has a market cap of $22.92 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share 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 net margin of 2.10% and a return on equity of 10.44%. The business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 earnings per share. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that permits the company to buyback 100,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 annualized dividend and a dividend yield of 4.27%. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 56.51%.

Analysts Set New Price Targets

Several research firms have issued reports on ADM. Citigroup boosted their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 4th. Barclays lowered their price target on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Monday, February 24th. Bank of America reduced their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a research note on Tuesday, February 11th. 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, Stephens reduced their price target on Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $53.63.

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.