Nomura Asset Management Co. Ltd. Purchases 129,525 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Nomura Asset Management Co. Ltd. increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 18.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 848,364 shares of the company's stock after purchasing an additional 129,525 shares during the period. Nomura Asset Management Co. Ltd. owned 0.18% of Archer-Daniels-Midland worth $42,859,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Boussard & Gavaudan Investment Management LLP bought a new position in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $2,237,000. Norges Bank bought a new position in Archer-Daniels-Midland during the fourth quarter worth $333,521,000. Caisse Des Depots ET Consignations bought a new position in shares of Archer-Daniels-Midland in the fourth quarter valued at about $1,278,000. NEOS Investment Management LLC lifted its stake in shares of Archer-Daniels-Midland by 31.2% during the 4th quarter. NEOS Investment Management LLC now owns 31,380 shares of the company's stock worth $1,585,000 after buying an additional 7,465 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its holdings in shares of Archer-Daniels-Midland by 33.8% during the 4th quarter. UniSuper Management Pty Ltd now owns 51,432 shares of the company's stock worth $2,598,000 after buying an additional 12,990 shares during the period. Institutional investors and hedge funds own 78.28% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup increased their price target 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. BMO Capital Markets dropped their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a report on Wednesday, February 5th. Bank of America decreased their price objective on Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday, February 11th. Stephens dropped their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Barclays decreased their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $53.63.

Remove Ads

Archer-Daniels-Midland Price Performance

ADM traded down $0.33 on Wednesday, hitting $47.89. 772,161 shares of the stock were exchanged, compared to its average volume of 4,560,637. The firm has a market capitalization of $22.97 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.54 and a beta of 0.67. 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 12 month low of $44.92 and a 12 month high of $66.08. The business has a 50-day moving average of $47.77 and a two-hundred day moving average of $51.97.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last issued 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 company 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 firm's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 EPS. Sell-side analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current fiscal year.

Archer-Daniels-Midland Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.51 per share. This is an increase from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland's dividend payout ratio is currently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

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.