Archer-Daniels-Midland Company (ADM) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. lifted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,408,946 shares of the company’s stock after acquiring an additional 1,011,097 shares during the quarter. Vanguard Group Inc. owned 7.89% of Archer-Daniels-Midland worth $1,837,642,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of ADM. BlackRock Inc. increased its position in shares of Archer-Daniels-Midland by 1,027.8% during the first quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock valued at $1,806,998,000 after acquiring an additional 35,768,331 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Archer-Daniels-Midland by 95.2% during the first quarter. Ameriprise Financial Inc. now owns 3,999,100 shares of the company’s stock valued at $184,053,000 after acquiring an additional 1,950,600 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Archer-Daniels-Midland by 23.1% during the second quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock valued at $266,817,000 after acquiring an additional 1,208,413 shares during the last quarter. Hexavest Inc. purchased a new stake in shares of Archer-Daniels-Midland during the second quarter valued at approximately $40,385,000. Finally, Prudential Financial Inc. increased its position in shares of Archer-Daniels-Midland by 86.5% during the second quarter. Prudential Financial Inc. now owns 2,082,100 shares of the company’s stock valued at $86,157,000 after acquiring an additional 965,900 shares during the last quarter. 72.86% of the stock is owned by institutional investors.
A number of analysts recently commented on ADM shares. Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. BidaskClub raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BMO Capital Markets reaffirmed a “hold” rating and set a $41.00 price target on shares of Archer-Daniels-Midland in a research report on Tuesday, June 27th. Finally, Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Archer-Daniels-Midland has an average rating of “Hold” and an average target price of $44.22.
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Archer-Daniels-Midland Company (NYSE:ADM) opened at 43.38 on Friday. The stock has a market capitalization of $24.40 billion, a PE ratio of 18.34 and a beta of 1.11. The stock has a 50 day moving average price of $42.32 and a 200 day moving average price of $42.88. Archer-Daniels-Midland Company has a 12 month low of $40.22 and a 12 month high of $47.88.
Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. The firm had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. Archer-Daniels-Midland’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post $2.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.95%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 53.78%.
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