Nomura Asset Management Co. Ltd. Acquires 24,579 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Nomura Asset Management Co. Ltd. lifted its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 718,839 shares of the company's stock after acquiring an additional 24,579 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.15% of Archer-Daniels-Midland worth $42,943,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Archer-Daniels-Midland during the third quarter worth $26,000. Altshuler Shaham Ltd acquired a new stake in Archer-Daniels-Midland in the second quarter valued at $28,000. Peterson Financial Group Inc. bought a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $28,000. Finally, Sachetta LLC increased its stake in shares of Archer-Daniels-Midland by 39.8% during the 2nd quarter. Sachetta LLC now owns 737 shares of the company's stock worth $46,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 78.28% of the company's stock.

Wall Street Analyst Weigh In

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

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM traded up $0.11 during trading on Tuesday, reaching $52.09. 3,009,702 shares of the company traded hands, compared to its average volume of 4,156,326. The firm has a market capitalization of $24.92 billion, a PE ratio of 14.88 and a beta of 0.72. Archer-Daniels-Midland Company has a 52 week low of $48.92 and a 52 week high of $77.35. 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 company's 50 day moving average is $55.01 and its two-hundred day moving average is $58.86.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.84%. Archer-Daniels-Midland's dividend payout ratio is 57.14%.

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.