Sumitomo Mitsui DS Asset Management Company Ltd Has $3.11 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 1.0% in the third quarter, Holdings Channel.com reports. The fund owned 51,984 shares of the company’s stock after acquiring an additional 537 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Archer-Daniels-Midland were worth $3,106,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Marathon Asset Management Ltd boosted its holdings in Archer-Daniels-Midland by 4.5% in the third quarter. Marathon Asset Management Ltd now owns 303,155 shares of the company’s stock worth $18,110,000 after purchasing an additional 13,177 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Archer-Daniels-Midland during the 1st quarter valued at about $347,000. Heritage Wealth Management Inc. bought a new position in shares of Archer-Daniels-Midland in the 2nd quarter valued at approximately $974,000. nVerses Capital LLC acquired a new stake in Archer-Daniels-Midland in the 3rd quarter worth approximately $1,081,000. Finally, CWM LLC boosted its position in Archer-Daniels-Midland by 52.2% during the second quarter. CWM LLC now owns 25,151 shares of the company’s stock worth $1,520,000 after purchasing an additional 8,628 shares during the period. 78.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Juan R. Luciano sold 170,194 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Juan R. Luciano sold 3,683 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 219,348 shares of company stock valued at $13,296,833 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ADM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Citigroup cut their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Finally, UBS Group raised their price target on Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $65.62.

Archer-Daniels-Midland Price Performance

Shares of ADM stock opened at $56.40 on Monday. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $77.35. The company has a market capitalization of $27.89 billion, a P/E ratio of 9.89 and a beta of 0.72. The stock has a 50 day moving average of $59.45 and a two-hundred day moving average of $60.80. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period last year, the business earned $1.89 earnings per share. As a group, equities analysts expect that Archer-Daniels-Midland Company will post 5.33 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.55%. Archer-Daniels-Midland’s payout ratio is currently 35.09%.

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.