Deutsche Bank AG trimmed its holdings in Archer Daniels Midland Co (NYSE:ADM) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,920,006 shares of the company’s stock after selling 144,022 shares during the period. Deutsche Bank AG owned about 0.34% of Archer Daniels Midland worth $76,951,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Virtue Capital Management LLC acquired a new position in shares of Archer Daniels Midland in the 4th quarter valued at approximately $674,000. Advisor Group Inc. raised its position in shares of Archer Daniels Midland by 7.6% in the 4th quarter. Advisor Group Inc. now owns 52,428 shares of the company’s stock valued at $2,102,000 after purchasing an additional 3,684 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Archer Daniels Midland by 10.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 104,127 shares of the company’s stock valued at $4,174,000 after purchasing an additional 9,757 shares in the last quarter. Aristotle Capital Management LLC raised its position in shares of Archer Daniels Midland by 6.4% in the 4th quarter. Aristotle Capital Management LLC now owns 5,244,585 shares of the company’s stock valued at $210,203,000 after purchasing an additional 315,644 shares in the last quarter. Finally, MANA Advisors LLC acquired a new position in shares of Archer Daniels Midland in the 4th quarter valued at approximately $212,000. 77.46% of the stock is currently owned by institutional investors.
Shares of Archer Daniels Midland Co (NYSE ADM) opened at $44.53 on Tuesday. Archer Daniels Midland Co has a twelve month low of $38.59 and a twelve month high of $46.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.59 and a quick ratio of 0.86. The firm has a market capitalization of $24,197.74, a P/E ratio of 17.75 and a beta of 1.09.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be issued a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.01%. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 16th. Archer Daniels Midland’s payout ratio is 47.86%.
A number of equities analysts have issued reports on ADM shares. Zacks Investment Research raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, March 7th. Citigroup raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and upped their target price for the company from $42.72 to $49.00 in a research report on Tuesday, March 6th. Buckingham Research raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and upped their target price for the company from $41.64 to $47.00 in a research report on Wednesday, February 28th. Vertical Group raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Thursday, February 15th. Finally, Goldman Sachs Group raised Archer Daniels Midland from a “neutral” rating to a “buy” rating and upped their target price for the company from $43.30 to $50.00 in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $44.65.
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Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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