State Street Corp Purchases 1,018,256 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

State Street Corp grew its position in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,045,672 shares of the company's stock after purchasing an additional 1,018,256 shares during the quarter. State Street Corp owned approximately 6.70% of Archer-Daniels-Midland worth $1,914,408,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of Archer-Daniels-Midland by 6.4% during the third quarter. Pacer Advisors Inc. now owns 8,086,446 shares of the company's stock valued at $483,084,000 after purchasing an additional 489,554 shares in the last quarter. FMR LLC increased its position in shares of Archer-Daniels-Midland by 33.9% during the third quarter. FMR LLC now owns 3,979,867 shares of the company's stock valued at $237,757,000 after acquiring an additional 1,007,494 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Archer-Daniels-Midland by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,607,843 shares of the company's stock worth $215,533,000 after acquiring an additional 63,883 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Archer-Daniels-Midland by 0.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 3,485,006 shares of the company's stock worth $208,194,000 after purchasing an additional 26,291 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Archer-Daniels-Midland by 73.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company's stock valued at $170,960,000 after purchasing an additional 1,199,992 shares during the period. Institutional investors own 78.28% of the company's stock.

Archer-Daniels-Midland Price Performance

Shares of ADM stock traded down $0.86 on Friday, reaching $51.42. The company's stock had a trading volume of 2,766,682 shares, compared to its average volume of 2,943,136. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35. The stock's 50 day simple moving average is $55.17 and its 200-day simple moving average is $58.95. 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 has a market capitalization of $24.61 billion, a P/E ratio of 14.69 and a beta of 0.72.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.89%. Archer-Daniels-Midland's dividend payout ratio (DPR) is presently 57.14%.

Analysts Set New Price Targets

A number of research analysts have weighed in on ADM shares. UBS Group boosted their target price 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. 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 research note on Tuesday, November 12th. BMO Capital Markets lowered their price objective on Archer-Daniels-Midland from $55.00 to $51.00 and set a "market perform" rating on the stock in a research note on Wednesday. Citigroup increased 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 report on Wednesday. Finally, Barclays dropped their price target on shares of Archer-Daniels-Midland from $60.00 to $56.00 and set an "underweight" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $61.08.

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.