Archer-Daniels-Midland Company (ADM) Shares Bought by State Street Corp

State Street Corp raised its position in Archer-Daniels-Midland Company (NYSE:ADM) by 2.2% during the fourth quarter, Holdings Channel reports. The fund owned 34,265,037 shares of the company’s stock after buying an additional 725,386 shares during the period. State Street Corp owned about 0.06% of Archer-Daniels-Midland Company worth $1,564,198,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of ADM. Tower Research Capital LLC TRC acquired a new position in Archer-Daniels-Midland Company during the third quarter worth about $101,000. Evercore Wealth Management LLC boosted its stake in Archer-Daniels-Midland Company by 6.2% in the second quarter. Evercore Wealth Management LLC now owns 2,581 shares of the company’s stock worth $111,000 after buying an additional 151 shares during the last quarter. FNY Managed Accounts LLC purchased a new stake in Archer-Daniels-Midland Company during the third quarter worth approximately $110,000. NEXT Financial Group Inc boosted its stake in Archer-Daniels-Midland Company by 60.1% in the third quarter. NEXT Financial Group Inc now owns 2,621 shares of the company’s stock worth $111,000 after buying an additional 984 shares during the last quarter. Finally, Mosaic Family Wealth LLC boosted its stake in Archer-Daniels-Midland Company by 7.0% in the third quarter. Mosaic Family Wealth LLC now owns 2,841 shares of the company’s stock worth $120,000 after buying an additional 187 shares during the last quarter. 73.05% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Archer-Daniels-Midland Company (NYSE:ADM)

Shares of Archer-Daniels-Midland Company (NYSE:ADM) traded down 0.41% during midday trading on Tuesday, reaching $43.53. 1,081,574 shares of the company traded hands. The firm has a market capitalization of $25.38 billion, a PE ratio of 20.15 and a beta of 0.90. The stock has a 50 day moving average price of $44.57 and a 200 day moving average price of $43.95. Archer-Daniels-Midland Company has a 1-year low of $31.30 and a 1-year high of $47.88.

Archer-Daniels-Midland Company (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.03. Archer-Daniels-Midland Company had a net margin of 2.05% and a return on equity of 7.19%. The company earned $16.50 billion during the quarter, compared to analysts’ expectations of $16.57 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. Analysts expect that Archer-Daniels-Midland Company will post $2.85 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Tuesday, February 21st will be given a $0.32 dividend. This is an increase from Archer-Daniels-Midland Company’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, February 16th. Archer-Daniels-Midland Company’s dividend payout ratio is currently 55.05%.

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A number of equities research analysts have commented on the stock. Vetr upgraded shares of Archer-Daniels-Midland Company from a “hold” rating to a “buy” rating and set a $46.73 target price on the stock in a research note on Monday, January 30th. Piper Jaffray Companies assumed coverage on shares of Archer-Daniels-Midland Company in a research note on Wednesday, December 14th. They set a “neutral” rating and a $46.00 target price on the stock. BMO Capital Markets cut shares of Archer-Daniels-Midland Company from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $51.00 to $48.00 in a research note on Friday, January 6th. Zacks Investment Research cut shares of Archer-Daniels-Midland Company from a “buy” rating to a “hold” rating in a research note on Wednesday, January 25th. Finally, Stifel Nicolaus assumed coverage on shares of Archer-Daniels-Midland Company in a research note on Thursday, December 15th. They set a “hold” rating and a $46.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $46.16.

Archer-Daniels-Midland Company Company Profile

5 Day Chart for NYSE:ADM

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADM).

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