Robeco Institutional Asset Management B.V. Acquires 312,566 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Robeco Institutional Asset Management B.V. raised its position in Archer-Daniels-Midland Company (NYSE:ADM) by 152.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 517,360 shares of the company’s stock after purchasing an additional 312,566 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.11% of Archer-Daniels-Midland worth $26,137,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its stake in Archer-Daniels-Midland by 52.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 18,004 shares of the company’s stock valued at $1,088,000 after purchasing an additional 6,171 shares during the last quarter. Creative Planning increased its holdings in shares of Archer-Daniels-Midland by 6.4% during the second quarter. Creative Planning now owns 90,587 shares of the company’s stock worth $5,476,000 after purchasing an additional 5,462 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Archer-Daniels-Midland by 6.3% in the second quarter. Sunbelt Securities Inc. now owns 3,612 shares of the company’s stock valued at $218,000 after buying an additional 215 shares during the period. EP Wealth Advisors LLC raised its holdings in Archer-Daniels-Midland by 19.6% in the 2nd quarter. EP Wealth Advisors LLC now owns 10,249 shares of the company’s stock valued at $620,000 after acquiring an additional 1,683 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Archer-Daniels-Midland in the second quarter valued at about $4,328,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ADM. Citigroup raised their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Bank of America downgraded shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $63.00 to $54.00 in a report on Tuesday, January 14th. Morgan Stanley reduced their price objective on Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. BMO Capital Markets dropped their target price on Archer-Daniels-Midland from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. Finally, Stephens started coverage on Archer-Daniels-Midland in a report on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price target on the stock. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $56.89.

Archer-Daniels-Midland Stock Down 0.0 %

Shares of NYSE ADM opened at $51.65 on Friday. Archer-Daniels-Midland Company has a 52-week low of $48.40 and a 52-week high of $66.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. The company’s 50 day moving average price is $51.49 and its 200-day moving average price is $56.15. The company has a market capitalization of $24.72 billion, a P/E ratio of 14.76 and a beta of 0.72.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.87%. Archer-Daniels-Midland’s payout ratio is currently 57.14%.

Archer-Daniels-Midland announced that its board has approved a stock repurchase program on Wednesday, December 11th that allows the company to buyback 100,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.