Mitsubishi UFJ Asset Management Co. Ltd. Purchases 22,868 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 620,597 shares of the company's stock after acquiring an additional 22,868 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.12% of Archer-Daniels-Midland worth $45,384,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ADM. Northern Trust Corp grew its holdings in shares of Archer-Daniels-Midland by 1.9% in the 3rd quarter. Northern Trust Corp now owns 13,303,791 shares of the company's stock worth $1,003,372,000 after acquiring an additional 252,486 shares during the period. Morgan Stanley grew its holdings in Archer-Daniels-Midland by 41.8% in the third quarter. Morgan Stanley now owns 8,641,438 shares of the company's stock valued at $651,737,000 after purchasing an additional 2,547,232 shares during the period. Dimensional Fund Advisors LP grew its position in Archer-Daniels-Midland by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,043,862 shares of the company's stock valued at $292,050,000 after acquiring an additional 244,765 shares during the period. Ameriprise Financial Inc. increased its position in Archer-Daniels-Midland by 5.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,696,394 shares of the company's stock worth $278,779,000 after purchasing an additional 195,255 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Archer-Daniels-Midland by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,312,227 shares of the company's stock valued at $239,209,000 after acquiring an additional 109,757 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays downgraded shares of Archer-Daniels-Midland from an "overweight" rating to an "underweight" rating and set a $60.00 price objective for the company. in a research report on Monday, January 22nd. BMO Capital Markets reduced their price objective on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a "market perform" rating on the stock in a research note on Wednesday, March 13th. TheStreet downgraded shares of Archer-Daniels-Midland from a "b-" rating to a "c+" rating in a research report on Monday, February 12th. Bank of America reduced their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a "neutral" rating on the stock in a research report on Thursday, March 14th. Finally, Jefferies Financial Group lowered their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a "hold" rating for the company in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $67.50.

Archer-Daniels-Midland Stock Performance

NYSE ADM traded down $1.61 during trading hours on Wednesday, hitting $60.07. The company had a trading volume of 4,165,357 shares, compared to its average volume of 5,669,616. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35. The firm has a market cap of $29.70 billion, a P/E ratio of 10.54 and a beta of 0.78. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.30. The business has a fifty day simple moving average of $60.84 and a 200-day simple moving average of $64.13.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The business had revenue of $21.85 billion for the quarter, compared to analysts' expectations of $22.26 billion. During the same quarter last year, the company earned $2.09 EPS. The company's revenue for the quarter was down 9.2% compared to the same quarter last year. Equities analysts predict that Archer-Daniels-Midland Company will post 5.6 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, May 15th. Archer-Daniels-Midland's dividend payout ratio (DPR) is 35.09%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Archer-Daniels-Midland 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.