Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 560,287 shares of the company's stock after selling 23,534 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.12% of Archer-Daniels-Midland worth $28,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Archer-Daniels-Midland by 3.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 151,603 shares of the company's stock worth $7,659,000 after buying an additional 5,502 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in Archer-Daniels-Midland during the fourth quarter worth $30,000. Vanguard Group Inc. raised its position in Archer-Daniels-Midland by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock valued at $3,150,390,000 after purchasing an additional 706,567 shares during the period. Community Bank N.A. lifted its stake in shares of Archer-Daniels-Midland by 18.1% in the 4th quarter. Community Bank N.A. now owns 29,671 shares of the company's stock valued at $1,499,000 after purchasing an additional 4,546 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Archer-Daniels-Midland during the 4th quarter worth $22,109,000. Institutional investors and hedge funds own 78.28% of the company's stock.

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Archer-Daniels-Midland Stock Up 0.3 %

NYSE:ADM traded up $0.15 during mid-day trading on Monday, hitting $48.02. The stock had a trading volume of 3,041,081 shares, compared to its average volume of 3,604,704. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a twelve month low of $44.92 and a twelve month high of $66.08. The company has a market capitalization of $23.04 billion, a PE ratio of 13.30, a PEG ratio of 1.54 and a beta of 0.67. The stock has a 50-day simple moving average of $47.83 and a two-hundred day simple moving average of $52.06.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.07. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 EPS. On average, equities research analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland announced that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.25%. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. Archer-Daniels-Midland's dividend payout ratio is presently 56.51%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. BMO Capital Markets decreased their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 5th. Bank of America decreased 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 report on Tuesday, February 11th. Barclays cut their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, February 24th. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Finally, Citigroup boosted their price objective on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average 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.