Natixis Advisors L.P. boosted its holdings in Archer Daniels Midland Co (NYSE:ADM) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,463 shares of the company’s stock after buying an additional 10,608 shares during the quarter. Natixis Advisors L.P.’s holdings in Archer Daniels Midland were worth $6,955,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in ADM. Artemis Investment Management LLP bought a new position in shares of Archer Daniels Midland in the second quarter worth about $30,172,000. Geode Capital Management LLC grew its position in Archer Daniels Midland by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 8,128,709 shares of the company’s stock worth $332,509,000 after acquiring an additional 700,278 shares during the last quarter. First Trust Advisors LP increased its holdings in Archer Daniels Midland by 47.9% in the 1st quarter. First Trust Advisors LP now owns 1,790,261 shares of the company’s stock worth $77,214,000 after purchasing an additional 579,646 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Archer Daniels Midland during the first quarter valued at about $22,846,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Archer Daniels Midland by 14.3% during the first quarter. Wells Fargo & Company MN now owns 2,804,621 shares of the company’s stock worth $120,963,000 after purchasing an additional 350,985 shares during the last quarter. 76.16% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on ADM. Robert W. Baird set a $48.00 price target on shares of Archer Daniels Midland and gave the stock a “buy” rating in a report on Monday, August 26th. ValuEngine lowered Archer Daniels Midland from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Stifel Nicolaus reduced their target price on Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Finally, Buckingham Research dropped their price target on shares of Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $49.71.
In other Archer Daniels Midland news, CEO Juan R. Luciano purchased 5,457 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $36.65 per share, for a total transaction of $199,999.05. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ray G. Young acquired 3,400 shares of the stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price of $36.74 per share, for a total transaction of $124,916.00. The disclosure for this purchase can be found here. 1.11% of the stock is owned by corporate insiders.
Shares of NYSE:ADM traded up $0.30 during mid-day trading on Wednesday, hitting $40.59. The company had a trading volume of 67,863 shares, compared to its average volume of 3,094,387. The firm has a fifty day moving average price of $38.66 and a 200 day moving average price of $40.91. The company has a market capitalization of $22.10 billion, a PE ratio of 11.57 and a beta of 1.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.55 and a quick ratio of 0.89. Archer Daniels Midland Co has a one year low of $36.45 and a one year high of $52.06.
Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Thursday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). Archer Daniels Midland had a return on equity of 8.53% and a net margin of 2.08%. The company had revenue of $16.30 billion for the quarter, compared to the consensus estimate of $16.79 billion. During the same period in the prior year, the company earned $1.02 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. Research analysts expect that Archer Daniels Midland Co will post 2.8 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.45%. Archer Daniels Midland’s dividend payout ratio is currently 40.00%.
About Archer Daniels Midland
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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