Nordea Investment Management AB Grows Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Nordea Investment Management AB increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,082,442 shares of the company's stock after purchasing an additional 489,217 shares during the quarter. Nordea Investment Management AB owned 0.44% of Archer-Daniels-Midland worth $105,163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empower Advisory Group LLC lifted its holdings in Archer-Daniels-Midland by 6.4% in the third quarter. Empower Advisory Group LLC now owns 1,138,455 shares of the company's stock valued at $68,011,000 after acquiring an additional 68,133 shares during the period. Pacer Advisors Inc. boosted its holdings in Archer-Daniels-Midland by 6.4% during the third quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company's stock worth $483,084,000 after buying an additional 489,554 shares in the last quarter. Marathon Asset Management Ltd grew its position in Archer-Daniels-Midland by 4.5% during the third quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company's stock worth $18,110,000 after buying an additional 13,177 shares during the period. CFS Investment Advisory Services LLC purchased a new position in Archer-Daniels-Midland in the third quarter valued at about $1,526,000. Finally, Bank of Montreal Can boosted its stake in shares of Archer-Daniels-Midland by 8.6% during the 3rd quarter. Bank of Montreal Can now owns 559,660 shares of the company's stock worth $33,580,000 after acquiring an additional 44,241 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Trading Down 0.3 %

NYSE:ADM traded down $0.16 during trading hours on Tuesday, reaching $49.47. 2,147,388 shares of the company were exchanged, compared to its average volume of 2,109,947. The firm has a market cap of $23.67 billion, a price-to-earnings ratio of 14.13 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 0.84. The stock has a 50 day simple moving average of $52.32 and a 200 day simple moving average of $57.46. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $71.08.

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

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.04%. Archer-Daniels-Midland's payout ratio is 57.14%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ADM shares. Stephens initiated coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an "equal weight" rating and a $55.00 price objective for the company. Citigroup increased their price objective on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. BMO Capital Markets reduced their price target 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. UBS Group raised their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th. Finally, Morgan Stanley lowered their target price on Archer-Daniels-Midland from $57.00 to $52.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company's stock. According to data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of "Hold" and a consensus target price of $60.62.

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.