Janus Henderson Group PLC Sells 126,820 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Janus Henderson Group PLC reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 68.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,281 shares of the company's stock after selling 126,820 shares during the quarter. Janus Henderson Group PLC's holdings in Archer-Daniels-Midland were worth $2,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its holdings in Archer-Daniels-Midland by 10.8% during the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock valued at $109,000 after buying an additional 210 shares in the last quarter. Invesco LLC grew its holdings in shares of Archer-Daniels-Midland by 1.3% in the fourth quarter. Invesco LLC now owns 16,242 shares of the company's stock valued at $821,000 after purchasing an additional 211 shares in the last quarter. Advisor OS LLC grew its holdings in shares of Archer-Daniels-Midland by 4.9% in the fourth quarter. Advisor OS LLC now owns 4,565 shares of the company's stock valued at $231,000 after purchasing an additional 212 shares in the last quarter. Advisory Alpha LLC grew its holdings in shares of Archer-Daniels-Midland by 2.8% in the fourth quarter. Advisory Alpha LLC now owns 7,952 shares of the company's stock valued at $402,000 after purchasing an additional 216 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in shares of Archer-Daniels-Midland by 1.1% in the fourth quarter. DAVENPORT & Co LLC now owns 21,283 shares of the company's stock valued at $1,075,000 after purchasing an additional 226 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADM has been the subject of a number of recent research reports. Barclays cut 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 report on Monday, February 24th. UBS Group raised shares of Archer-Daniels-Midland from a "neutral" rating to a "buy" rating and raised their target price for the company from $55.00 to $60.00 in a report on Monday, May 19th. Bank of America lowered shares of Archer-Daniels-Midland from a "neutral" rating to an "underperform" rating and cut their target price for the company from $47.00 to $45.00 in a report on Thursday, May 8th. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating for the company in a research report on Wednesday, February 5th. Finally, Citigroup lowered their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $52.00.

Archer-Daniels-Midland Trading Up 0.1%

Shares of NYSE:ADM traded up $0.03 on Friday, hitting $47.99. 1,674,504 shares of the company's stock were exchanged, compared to its average volume of 3,568,173. Archer-Daniels-Midland Company has a 12 month low of $40.98 and a 12 month high of $66.08. The stock has a market capitalization of $23.06 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. The business's 50 day simple moving average is $47.28 and its two-hundred day simple moving average is $49.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 0.81.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. The business had revenue of $20.18 billion during the quarter, compared to the consensus estimate of $22.05 billion. During the same period last year, the company earned $1.46 earnings per share. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. Analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS 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. Investors of record on Wednesday, May 21st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.25%. Archer-Daniels-Midland's payout ratio is currently 72.86%.

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.