Van ECK Associates Corp Lowers Stake in Archer-Daniels-Midland Company (ADM)

Van ECK Associates Corp lowered its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,134,404 shares of the company’s stock after selling 111,290 shares during the period. Van ECK Associates Corp’s holdings in Archer-Daniels-Midland Company were worth $51,786,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Archer-Daniels-Midland Company by 14.7% in the second quarter. Bank of New York Mellon Corp now owns 11,865,220 shares of the company’s stock valued at $508,897,000 after buying an additional 1,522,781 shares during the last quarter. Victory Capital Management Inc. boosted its position in Archer-Daniels-Midland Company by 91.0% in the second quarter. Victory Capital Management Inc. now owns 2,544,338 shares of the company’s stock valued at $109,126,000 after buying an additional 1,211,880 shares during the period. Stifel Financial Corp boosted its position in Archer-Daniels-Midland Company by 536.2% in the second quarter. Stifel Financial Corp now owns 1,251,839 shares of the company’s stock valued at $53,693,000 after buying an additional 1,055,063 shares during the period. State Street Corp boosted its position in Archer-Daniels-Midland Company by 2.2% in the fourth quarter. State Street Corp now owns 34,265,037 shares of the company’s stock valued at $1,564,198,000 after buying an additional 725,386 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Archer-Daniels-Midland Company by 4.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 16,293,996 shares of the company’s stock valued at $687,118,000 after buying an additional 723,036 shares during the period. Institutional investors own 73.05% of the company’s stock.

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

Archer-Daniels-Midland Company (NYSE:ADM) traded down 0.46% on Tuesday, hitting $43.51. The company had a trading volume of 1,173,262 shares. The stock has a market capitalization of $25.37 billion, a PE ratio of 20.14 and a beta of 0.90. Archer-Daniels-Midland Company has a one year low of $31.30 and a one year high of $47.88. The stock has a 50 day moving average of $44.57 and a 200-day moving average of $43.95.

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

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

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Several equities analysts have recently weighed in on ADM shares. Vetr upgraded Archer-Daniels-Midland Company from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 26th. J P Morgan Chase & Co cut Archer-Daniels-Midland Company from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $42.00 to $36.00 in a report on Friday, November 11th. Zacks Investment Research upgraded Archer-Daniels-Midland Company from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday, January 3rd. Stifel Nicolaus started coverage on Archer-Daniels-Midland Company in a report on Thursday, December 15th. They set a “hold” rating and a $46.00 price objective on the stock. Finally, BMO Capital Markets cut Archer-Daniels-Midland Company from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $51.00 to $48.00 in a report on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $46.16.

About Archer-Daniels-Midland Company

5 Day Chart for NYSE:ADM

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