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

Toronto Dominion Bank increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADMGet Rating) by 37.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 424,958 shares of the company’s stock after acquiring an additional 116,284 shares during the quarter. Toronto Dominion Bank owned about 0.08% of Archer-Daniels-Midland worth $28,724,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ADM. Naples Global Advisors LLC acquired a new position in Archer-Daniels-Midland in the 3rd quarter valued at about $285,000. WINTON GROUP Ltd raised its stake in shares of Archer-Daniels-Midland by 20.6% in the 3rd quarter. WINTON GROUP Ltd now owns 6,912 shares of the company’s stock valued at $415,000 after acquiring an additional 1,179 shares during the period. Dynamic Advisor Solutions LLC raised its stake in shares of Archer-Daniels-Midland by 5.2% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 7,569 shares of the company’s stock valued at $454,000 after acquiring an additional 375 shares during the period. Signaturefd LLC increased its stake in Archer-Daniels-Midland by 1.2% during the 3rd quarter. Signaturefd LLC now owns 16,734 shares of the company’s stock worth $1,004,000 after buying an additional 200 shares during the period. Finally, Foster & Motley Inc. increased its stake in Archer-Daniels-Midland by 24.2% during the 3rd quarter. Foster & Motley Inc. now owns 39,602 shares of the company’s stock worth $2,377,000 after buying an additional 7,708 shares during the period. Hedge funds and other institutional investors own 75.59% of the company’s stock.

ADM opened at $96.46 on Tuesday. The company’s 50 day simple moving average is $85.01 and its 200 day simple moving average is $73.21. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.79 and a current ratio of 1.45. Archer-Daniels-Midland Company has a 1 year low of $56.91 and a 1 year high of $97.70. The stock has a market capitalization of $54.26 billion, a PE ratio of 20.14, a P/E/G ratio of 10.53 and a beta of 0.79.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last posted its quarterly earnings results on Tuesday, January 25th. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.14. The firm had revenue of $23.09 billion for the quarter, compared to analyst estimates of $20.21 billion. Archer-Daniels-Midland had a net margin of 3.18% and a return on equity of 13.50%. Archer-Daniels-Midland’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. As a group, sell-side analysts expect that Archer-Daniels-Midland Company will post 5.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 1st. Investors of record on Tuesday, February 8th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, February 7th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.37. Archer-Daniels-Midland’s payout ratio is 33.40%.

In related news, SVP Vincent F. Macciocchi sold 93,110 shares of the company’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $76.70, for a total value of $7,141,537.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher M. Cuddy sold 40,101 shares of the business’s stock in a transaction dated Wednesday, February 9th. The stock was sold at an average price of $77.49, for a total transaction of $3,107,426.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 576,726 shares of company stock valued at $43,834,804. Insiders own 1.20% of the company’s stock.

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Archer-Daniels-Midland from a “strong-buy” rating to a “buy” rating in a research note on Friday. Morgan Stanley boosted their price target on shares of Archer-Daniels-Midland from $67.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 11th. Robert W. Baird boosted their price target on shares of Archer-Daniels-Midland from $70.00 to $73.00 in a report on Wednesday, January 26th. Stifel Nicolaus boosted their price target on shares of Archer-Daniels-Midland from $80.00 to $100.00 in a report on Wednesday, April 6th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, January 12th. They set a “hold” rating and a $74.00 price objective for the company. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $74.71.

About Archer-Daniels-Midland (Get Rating)

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through 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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