Archer-Daniels-Midland Company (NYSE:ADM) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 2.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 201,217 shares of the company’s stock after buying an additional 4,630 shares during the quarter. HighTower Advisors LLC’s holdings in Archer-Daniels-Midland were worth $15,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp increased its stake in Archer-Daniels-Midland by 4.4% during the second quarter. State Street Corp now owns 31,364,445 shares of the company’s stock worth $2,369,897,000 after acquiring an additional 1,314,810 shares during the last quarter. Geode Capital Management LLC increased its stake in Archer-Daniels-Midland by 1.1% during the second quarter. Geode Capital Management LLC now owns 9,956,183 shares of the company’s stock worth $749,998,000 after acquiring an additional 105,943 shares during the last quarter. Morgan Stanley increased its stake in Archer-Daniels-Midland by 9.2% during the fourth quarter. Morgan Stanley now owns 6,744,254 shares of the company’s stock worth $626,204,000 after acquiring an additional 570,811 shares during the last quarter. Norges Bank acquired a new stake in Archer-Daniels-Midland during the fourth quarter worth $525,111,000. Finally, Macquarie Group Ltd. increased its stake in Archer-Daniels-Midland by 9.1% during the first quarter. Macquarie Group Ltd. now owns 5,626,231 shares of the company’s stock worth $448,185,000 after acquiring an additional 467,243 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

Archer-Daniels-Midland Stock Up 1.3 %

Shares of NYSE ADM opened at $53.75 on Tuesday. The company has a market capitalization of $28.67 billion, a price-to-earnings ratio of 7.49 and a beta of 0.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.69 and a quick ratio of 1.07. The business has a 50-day moving average of $66.09 and a two-hundred day moving average of $73.24. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.30.

Archer-Daniels-Midland Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.72%. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s payout ratio is 27.86%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ADM. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $80.00 to $66.00 and set a “market perform” rating for the company in a research report on Monday, January 22nd. StockNews.com lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Barclays lowered Archer-Daniels-Midland from an “overweight” rating to an “underweight” rating and set a $60.00 price target for the company. in a research report on Monday, January 22nd. Finally, UBS Group restated a “neutral” rating and set a $51.00 price target (down from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $67.08.

Read Our Latest Stock Report on Archer-Daniels-Midland

About Archer-Daniels-Midland

(Free Report)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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