Archer-Daniels-Midland Company (NYSE:ADM) Stake Trimmed by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. cut its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 61.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,200 shares of the company’s stock after selling 5,000 shares during the quarter. Asahi Life Asset Management CO. LTD.’s holdings in Archer-Daniels-Midland were worth $194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Archer-Daniels-Midland by 11.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,500 shares of the company’s stock valued at $2,272,000 after acquiring an additional 3,749 shares during the period. Cubist Systematic Strategies LLC raised its stake in Archer-Daniels-Midland by 152.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 130,449 shares of the company’s stock valued at $7,436,000 after purchasing an additional 78,724 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Archer-Daniels-Midland by 162.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 422,551 shares of the company’s stock valued at $24,085,000 after purchasing an additional 261,251 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its position in shares of Archer-Daniels-Midland by 1.6% in the first quarter. Elo Mutual Pension Insurance Co now owns 40,140 shares of the company’s stock worth $2,288,000 after buying an additional 635 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of Archer-Daniels-Midland in the second quarter worth $478,000. Institutional investors own 77.08% of the company’s stock.

In related news, CEO Juan R. Luciano purchased 16,790 shares of Archer-Daniels-Midland stock in a transaction on Thursday, July 29th. The stock was bought at an average price of $59.54 per share, with a total value of $999,676.60. Following the completion of the transaction, the chief executive officer now directly owns 483,994 shares of the company’s stock, valued at $28,817,002.76. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Several analysts have recently commented on the company. Zacks Investment Research cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research report on Wednesday, August 11th. Jefferies Financial Group assumed coverage on Archer-Daniels-Midland in a research report on Wednesday, July 21st. They issued a “hold” rating and a $55.00 target price for the company. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $65.27.

ADM opened at $60.38 on Wednesday. The stock has a market cap of $33.73 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.52 and a beta of 0.88. Archer-Daniels-Midland Company has a 1 year low of $44.58 and a 1 year high of $69.30. The company has a current ratio of 1.65, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average price of $59.74 and a 200 day moving average price of $61.06.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Monday, July 26th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.30. The firm had revenue of $22.93 billion during the quarter, compared to analysts’ expectations of $18.30 billion. Archer-Daniels-Midland had a return on equity of 13.30% and a net margin of 3.09%. The business’s revenue for the quarter was up 40.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, sell-side analysts forecast that Archer-Daniels-Midland Company will post 4.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 8th. Investors of record on Wednesday, August 18th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, August 17th. This represents a $1.48 dividend on an annualized basis and a yield of 2.45%. Archer-Daniels-Midland’s payout ratio is 41.23%.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Co processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.

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Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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