Archer-Daniels-Midland Company (NYSE:ADM) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec decreased its stake in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 84.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,910 shares of the company's stock after selling 513,303 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Archer-Daniels-Midland were worth $4,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Archer-Daniels-Midland by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 62,359,269 shares of the company's stock worth $3,150,390,000 after buying an additional 706,567 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Archer-Daniels-Midland by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock valued at $1,068,626,000 after acquiring an additional 1,722,428 shares during the last quarter. Geode Capital Management LLC increased its position in Archer-Daniels-Midland by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 11,715,040 shares of the company's stock worth $590,305,000 after purchasing an additional 247,647 shares during the last quarter. Northern Trust Corp increased its position in Archer-Daniels-Midland by 2.6% during the fourth quarter. Northern Trust Corp now owns 11,035,011 shares of the company's stock worth $557,489,000 after purchasing an additional 275,792 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Archer-Daniels-Midland by 28.4% in the 4th quarter. Pacer Advisors Inc. now owns 10,382,639 shares of the company's stock valued at $524,531,000 after purchasing an additional 2,296,193 shares during the last quarter. Hedge funds and other institutional investors own 78.28% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $47.00 to $45.00 in a research report on Thursday. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. BMO Capital Markets reduced their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Barclays lowered their target price on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Monday, February 24th. Finally, Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $52.50.

Archer-Daniels-Midland Stock Down 0.4 %

Archer-Daniels-Midland stock traded down $0.21 during mid-day trading on Thursday, hitting $47.67. The company had a trading volume of 3,125,932 shares, compared to its average volume of 3,584,203. The business has a fifty day moving average of $46.93 and a 200 day moving average of $49.69. Archer-Daniels-Midland Company has a 1 year low of $40.98 and a 1 year high of $66.08. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market cap of $22.87 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.54 and a beta of 0.69.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.01. The firm had revenue of $20.18 billion for the quarter, compared to the consensus estimate of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 EPS. On average, sell-side analysts expect that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current fiscal year.

Archer-Daniels-Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be paid a $0.51 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.04 annualized dividend and a yield of 4.28%. Archer-Daniels-Midland's dividend 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.