State of New Jersey Common Pension Fund D Sells 9,052 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

State of New Jersey Common Pension Fund D decreased its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 173,852 shares of the company's stock after selling 9,052 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Archer-Daniels-Midland were worth $8,783,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in Archer-Daniels-Midland by 120.9% in the third quarter. Blue Trust Inc. now owns 4,796 shares of the company's stock worth $290,000 after purchasing an additional 2,625 shares in the last quarter. OLD National Bancorp IN lifted its position in Archer-Daniels-Midland by 0.9% during the 3rd quarter. OLD National Bancorp IN now owns 20,648 shares of the company's stock worth $1,234,000 after buying an additional 189 shares in the last quarter. Foundations Investment Advisors LLC bought a new stake in Archer-Daniels-Midland during the 3rd quarter worth about $288,000. U S Global Investors Inc. bought a new position in shares of Archer-Daniels-Midland in the third quarter worth about $388,000. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Archer-Daniels-Midland by 8.6% during the third quarter. Sequoia Financial Advisors LLC now owns 8,183 shares of the company's stock worth $489,000 after purchasing an additional 647 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ADM shares. Barclays cut their target price on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Morgan Stanley reduced their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Stephens dropped their price objective on Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Finally, Bank of America reduced their target price 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. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $55.11.

Archer-Daniels-Midland Trading Up 3.8 %

NYSE:ADM traded up $1.75 on Friday, reaching $48.30. The company's stock had a trading volume of 5,484,763 shares, compared to its average volume of 3,658,133. The firm has a market cap of $23.11 billion, a PE ratio of 13.38, a PEG ratio of 1.47 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 5.44. The business's 50-day moving average price is $49.55 and its two-hundred day moving average price is $54.42. Archer-Daniels-Midland Company has a 1-year low of $44.92 and a 1-year high of $66.08.

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

Archer-Daniels-Midland announced that its board has initiated a stock buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a $0.51 dividend. This is a boost from Archer-Daniels-Midland's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 4.22%. The ex-dividend date is Tuesday, February 18th. Archer-Daniels-Midland's payout ratio is currently 56.51%.

Archer-Daniels-Midland Company 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.