Barings LLC reduced its position in Archer-Daniels-Midland Company (NYSE:ADM) by 51.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 90,765 shares of the company’s stock after selling 94,920 shares during the period. Barings LLC’s holdings in Archer-Daniels-Midland were worth $5,500,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in ADM. BlackRock Inc. grew its holdings in Archer-Daniels-Midland by 3.7% during the 2nd quarter. BlackRock Inc. now owns 39,043,689 shares of the company’s stock valued at $2,366,045,000 after buying an additional 1,380,332 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in Archer-Daniels-Midland by 359.2% during the 1st quarter. State of Tennessee Treasury Department now owns 1,365,988 shares of the company’s stock valued at $77,862,000 after buying an additional 1,068,493 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Archer-Daniels-Midland by 83.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,281,945 shares of the company’s stock valued at $130,071,000 after buying an additional 1,040,387 shares in the last quarter. Amundi Asset Management US Inc. grew its holdings in Archer-Daniels-Midland by 19.8% during the 1st quarter. Amundi Asset Management US Inc. now owns 3,394,289 shares of the company’s stock valued at $193,505,000 after buying an additional 560,482 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in Archer-Daniels-Midland by 181.1% during the 1st quarter. Neuberger Berman Group LLC now owns 717,879 shares of the company’s stock valued at $40,871,000 after buying an additional 462,474 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.
Shares of ADM opened at $58.99 on Thursday. The firm has a market cap of $32.96 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.52 and a beta of 0.88. The stock has a 50 day simple moving average of $59.94 and a two-hundred day simple moving average of $61.21. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.65 and a quick ratio of 0.99. Archer-Daniels-Midland Company has a 1 year low of $44.58 and a 1 year high of $69.30.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 8th. Shareholders of record on Wednesday, August 18th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Tuesday, August 17th. Archer-Daniels-Midland’s dividend payout ratio is currently 41.23%.
Several brokerages have recently commented on ADM. Jefferies Financial Group began coverage on Archer-Daniels-Midland in a report on Wednesday, July 21st. They set a “hold” rating and a $55.00 price objective for the company. Zacks Investment Research lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a report on Wednesday, August 11th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Buy” and a consensus target price of $65.27.
In related news, CEO Juan R. Luciano acquired 16,790 shares of the stock in a transaction on Thursday, July 29th. The stock was purchased at an average price of $59.54 per share, for a total transaction of $999,676.60. Following the completion of the transaction, the chief executive officer now owns 483,994 shares of the company’s stock, valued at approximately $28,817,002.76. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.
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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