Stephens Inc. AR Has $765,000 Holdings in Archer-Daniels-Midland Company (ADM)
Stephens Inc. AR raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 12.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,498 shares of the company’s stock after buying an additional 2,101 shares during the period. Stephens Inc. AR’s holdings in Archer-Daniels-Midland were worth $765,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of ADM. Boston Partners acquired a new stake in shares of Archer-Daniels-Midland during the first quarter worth about $594,000. Swiss National Bank increased its position in shares of Archer-Daniels-Midland by 25.8% during the first quarter. Swiss National Bank now owns 2,038,804 shares of the company’s stock worth $93,867,000 after purchasing an additional 417,900 shares in the last quarter. World Asset Management Inc increased its position in shares of Archer-Daniels-Midland by 7.1% during the first quarter. World Asset Management Inc now owns 72,511 shares of the company’s stock worth $3,338,000 after purchasing an additional 4,776 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Archer-Daniels-Midland by 0.7% during the first quarter. UBS Asset Management Americas Inc. now owns 2,399,604 shares of the company’s stock worth $110,478,000 after purchasing an additional 15,838 shares in the last quarter. Finally, British Columbia Investment Management Corp increased its position in shares of Archer-Daniels-Midland by 21.3% during the first quarter. British Columbia Investment Management Corp now owns 242,895 shares of the company’s stock worth $11,183,000 after purchasing an additional 42,586 shares in the last quarter. Institutional investors own 72.86% of the company’s stock.
A number of analysts have recently commented on ADM shares. Vetr upgraded Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 target price on the stock in a research report on Wednesday, May 31st. Credit Suisse Group set a $45.00 target price on Archer-Daniels-Midland and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. Zacks Investment Research cut Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 31st. Finally, BMO Capital Markets restated a “hold” rating and issued a $41.00 price target on shares of Archer-Daniels-Midland in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Archer-Daniels-Midland presently has an average rating of “Hold” and an average price target of $44.22.
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Shares of Archer-Daniels-Midland Company (NYSE ADM) opened at 43.84 on Monday. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 18.54 and a beta of 1.11. Archer-Daniels-Midland Company has a one year low of $40.22 and a one year high of $47.88. The firm has a 50-day moving average price of $42.21 and a 200-day moving average price of $42.95.
Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The company had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. During the same quarter last year, the business earned $0.41 earnings per share. Archer-Daniels-Midland’s revenue was down 4.4% compared to the same quarter last year. Analysts anticipate that Archer-Daniels-Midland Company will post $2.60 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 17th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.92%. Archer-Daniels-Midland’s dividend payout ratio is presently 53.78%.
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