Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,893 shares of the company’s stock after buying an additional 745 shares during the period. Toronto Dominion Bank’s holdings in Archer-Daniels-Midland were worth $12,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Archer-Daniels-Midland by 52.0% during the third quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock worth $89,738,000 after buying an additional 514,005 shares during the period. Geneos Wealth Management Inc. lifted its position in Archer-Daniels-Midland by 17.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,246 shares of the company’s stock worth $113,000 after acquiring an additional 341 shares during the period. Flagship Harbor Advisors LLC grew its stake in Archer-Daniels-Midland by 11.9% during the 4th quarter. Flagship Harbor Advisors LLC now owns 5,734 shares of the company’s stock valued at $290,000 after purchasing an additional 609 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Archer-Daniels-Midland by 33.2% in the fourth quarter. Blue Trust Inc. now owns 6,387 shares of the company’s stock valued at $323,000 after purchasing an additional 1,591 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Archer-Daniels-Midland in the fourth quarter worth about $45,000. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ADM. Barclays dropped their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a research report on Monday, February 24th. UBS Group raised shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $60.00 in a report on Monday, May 19th. Morgan Stanley cut their price objective on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, BMO Capital Markets cut their price target on Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.00.

Archer-Daniels-Midland Price Performance

NYSE:ADM opened at $48.34 on Thursday. The company has a 50 day moving average price of $47.39 and a 200-day moving average price of $49.07. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08. The firm has a market cap of $23.22 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69. 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) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The firm had revenue of $20.18 billion during the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a return on equity of 10.44% and a net margin of 2.10%. Archer-Daniels-Midland’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 EPS. Equities research analysts forecast that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.22%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 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.