Archer Daniels Midland Company $ADM Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group reduced its Archer Daniels Midland stake by 5.3%, selling 73,943 shares and retaining 1.33 million shares valued at approximately $105.9 million. Institutional investors and hedge funds collectively own 78.28% of ADM.
• ADM reported quarterly EPS of $1.84, beating analysts’ $1.49 estimate, while revenue rose 7.2% year over year to $22.68 billion. The company also maintains a quarterly dividend of $0.52 per share, equivalent to a 2.7% yield.
• Analyst sentiment remains mixed but leans toward “Hold”: MarketBeat’s consensus includes two Buy, seven Hold, and two Sell ratings, with an average price target of $81.75 versus the reported share price of $75.89.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 5.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,334,278 shares of the company's stock after selling 73,943 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.28% of Archer Daniels Midland worth $105,915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Triumph Capital Management raised its holdings in shares of Archer Daniels Midland by 62.2% in the third quarter. Triumph Capital Management now owns 313 shares of the company's stock valued at $25,000 after buying an additional 120 shares during the last quarter. William Mack & Associates Inc. bought a new stake in Archer Daniels Midland during the 3rd quarter worth about $25,000. Kelleher Financial Advisors acquired a new stake in Archer Daniels Midland in the 2nd quarter valued at about $25,000. Latitude Advisors LLC acquired a new stake in Archer Daniels Midland in the 3rd quarter valued at about $28,000. Finally, Orion Capital Management LLC bought a new position in shares of Archer Daniels Midland in the second quarter worth about $27,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Stock Performance

Shares of NYSE:ADM opened at $75.89 on Tuesday. The firm's 50 day simple moving average is $81.79 and its 200 day simple moving average is $76.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.39 and a quick ratio of 0.86. The company has a market capitalization of $36.58 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 2.33 and a beta of 0.64. Archer Daniels Midland Company has a fifty-two week low of $55.58 and a fifty-two week high of $88.75.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.35. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The company had revenue of $22.68 billion during the quarter, compared to analyst estimates of $22.75 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The firm's revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts forecast that Archer Daniels Midland Company will post 5.52 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, August 19th. Archer Daniels Midland's dividend payout ratio (DPR) is 56.99%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Archer Daniels Midland from $88.00 to $89.00 in a report on Monday, October 19th. Weiss Ratings downgraded Archer Daniels Midland from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 28th. Barclays increased their price objective on Archer Daniels Midland from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 5th. Zacks Research cut Archer Daniels Midland from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Finally, JPMorgan Chase & Co. lowered their target price on Archer Daniels Midland from $77.00 to $75.00 and set an "underweight" rating for the company in a research note on Monday, October 12th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $81.75.

About Archer Daniels Midland

Archer Daniels Midland Company NYSE: ADM is a global agricultural origination and processing company. Founded in 1902, ADM connects farmers and producers with markets worldwide by sourcing, transporting, storing and processing crops and other agricultural commodities.

The company processes oilseeds, corn, wheat and other crops into ingredients and products used in food and beverages, animal nutrition, renewable fuels and industrial applications. Its offerings include vegetable oils, protein meals, sweeteners, starches, flour, food ingredients, animal feed ingredients and biofuels, as well as specialty ingredients developed through its nutrition businesses.

ADM operates an integrated network of agricultural facilities, processing plants, transportation assets and commercial offices serving customers across North America, South America, Europe, Asia and other international markets.

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