Nuveen Asset Management LLC Lowers Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Nuveen Asset Management LLC lessened its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 30.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,310,771 shares of the company’s stock after selling 565,070 shares during the quarter. Nuveen Asset Management LLC owned 0.27% of Archer-Daniels-Midland worth $66,220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ADM. Barclays PLC raised its position in Archer-Daniels-Midland by 52.0% in the 3rd quarter. Barclays PLC now owns 1,502,158 shares of the company’s stock worth $89,738,000 after purchasing an additional 514,005 shares during the period. Assenagon Asset Management S.A. raised its position in Archer-Daniels-Midland by 21.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 445,589 shares of the company’s stock worth $22,511,000 after purchasing an additional 79,230 shares during the period. Park Avenue Securities LLC raised its position in Archer-Daniels-Midland by 9.0% in the 4th quarter. Park Avenue Securities LLC now owns 9,016 shares of the company’s stock worth $455,000 after purchasing an additional 744 shares during the period. Gateway Investment Advisers LLC raised its position in Archer-Daniels-Midland by 75.1% in the 4th quarter. Gateway Investment Advisers LLC now owns 23,236 shares of the company’s stock worth $1,174,000 after purchasing an additional 9,968 shares during the period. Finally, Butensky & Cohen Financial Security Inc. raised its position in Archer-Daniels-Midland by 3.2% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 60,555 shares of the company’s stock worth $3,059,000 after purchasing an additional 1,878 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Trading Up 2.6%

Shares of ADM opened at $50.15 on Friday. The firm’s 50-day moving average price is $47.14 and its 200-day moving average price is $49.31. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 1.54 and a beta of 0.69. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 1-year low of $40.98 and a 1-year high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last announced its earnings results on Tuesday, May 6th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The company’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 firm posted $1.46 EPS. Sell-side analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Archer-Daniels-Midland Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Wednesday, May 21st. Archer-Daniels-Midland’s payout ratio is currently 72.86%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ADM shares. Barclays decreased their price objective on shares of 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. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research report on Tuesday, February 4th. Bank of America cut shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. Citigroup decreased their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Finally, BMO Capital Markets decreased their price objective on shares of 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 equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.50.

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.