Archer Daniels Midland Company $ADM Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Archer Daniels Midland Company (NYSE:ADM) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,243 shares of the company’s stock after purchasing an additional 4,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Archer Daniels Midland were worth $3,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ADM. Teacher Retirement System of Texas lifted its position in shares of Archer Daniels Midland by 4.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 72,907 shares of the company’s stock worth $3,848,000 after buying an additional 2,952 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Archer Daniels Midland during the 2nd quarter worth approximately $5,741,000. Bessemer Group Inc. lifted its position in shares of Archer Daniels Midland by 34.1% during the 2nd quarter. Bessemer Group Inc. now owns 14,704 shares of the company’s stock worth $775,000 after buying an additional 3,741 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Archer Daniels Midland by 18.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 101,348 shares of the company’s stock worth $5,349,000 after buying an additional 15,552 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Archer Daniels Midland by 2.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 136,682 shares of the company’s stock worth $7,214,000 after buying an additional 3,679 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ADM. Morgan Stanley boosted their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Barclays upgraded shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. JPMorgan Chase & Co. started coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price objective for the company. UBS Group reiterated a “buy” rating and issued a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.50.

Archer Daniels Midland Trading Up 0.3%

Shares of Archer Daniels Midland stock opened at $60.72 on Friday. Archer Daniels Midland Company has a 1 year low of $40.98 and a 1 year high of $65.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.42. The company has a market capitalization of $29.18 billion, a P/E ratio of 26.75, a PEG ratio of 4.78 and a beta of 0.70. The company’s fifty day moving average is $61.75 and its two-hundred day moving average is $55.43.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Monday, December 2nd. The company reported $1.63 earnings per share (EPS) for the quarter. The company had revenue of $21.70 billion for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. Analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. Archer Daniels Midland’s dividend payout ratio is presently 89.87%.

About Archer Daniels Midland

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.