Voya Investment Management LLC Has $7.45 Million Stock Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Voya Investment Management LLC lowered its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 7.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 147,430 shares of the company’s stock after selling 12,497 shares during the quarter. Voya Investment Management LLC’s holdings in Archer-Daniels-Midland were worth $7,448,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fairway Wealth LLC acquired a new position in shares of Archer-Daniels-Midland during the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. increased its stake in Archer-Daniels-Midland by 179.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 556 shares of the company’s stock worth $28,000 after acquiring an additional 357 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter valued at $28,000. ST Germain D J Co. Inc. grew its holdings in shares of Archer-Daniels-Midland by 724.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 569 shares of the company’s stock worth $29,000 after purchasing an additional 500 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of Archer-Daniels-Midland in the fourth quarter worth $30,000. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADM has been the topic of a number of analyst reports. Morgan Stanley reduced 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. BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Stephens cut their target price on Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Barclays dropped their price objective on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, February 24th. Finally, Bank of America raised shares of Archer-Daniels-Midland from an “underperform” rating to a “neutral” rating and dropped their target price for the stock from $48.00 to $47.00 in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.75.

Archer-Daniels-Midland Stock Performance

Archer-Daniels-Midland stock opened at $47.81 on Wednesday. The business has a 50 day moving average of $46.92 and a 200-day moving average of $50.05. 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 Company has a 1 year low of $40.98 and a 1 year high of $66.08. The company has a market capitalization of $22.94 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.54 and a beta of 0.66.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. Archer-Daniels-Midland’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 earnings per share. On average, equities research analysts predict that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.27%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, February 18th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 56.51%.

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.