Archer-Daniels-Midland Company (NYSE:ADM) Shares Purchased by 1832 Asset Management L.P.

1832 Asset Management L.P. raised its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADMFree Report) by 15.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,313 shares of the company’s stock after buying an additional 4,217 shares during the period. 1832 Asset Management L.P.’s holdings in Archer-Daniels-Midland were worth $2,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Archer-Daniels-Midland during the fourth quarter valued at approximately $420,457,000. Morgan Stanley raised its stake in shares of Archer-Daniels-Midland by 41.8% during the third quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock valued at $651,737,000 after purchasing an additional 2,547,232 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Archer-Daniels-Midland by 27,778.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,009,197 shares of the company’s stock valued at $76,114,000 after purchasing an additional 1,005,577 shares during the period. AQR Capital Management LLC raised its stake in shares of Archer-Daniels-Midland by 31.4% during the third quarter. AQR Capital Management LLC now owns 2,864,305 shares of the company’s stock valued at $216,026,000 after purchasing an additional 683,984 shares during the period. Finally, Nomura Holdings Inc. raised its stake in shares of Archer-Daniels-Midland by 150.1% during the third quarter. Nomura Holdings Inc. now owns 171,629 shares of the company’s stock valued at $12,944,000 after purchasing an additional 513,903 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADM has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price target on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, March 13th. Bank of America dropped their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. TheStreet lowered shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. Jefferies Financial Group dropped their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday, March 13th. Finally, Citigroup lifted their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $67.50.

Check Out Our Latest Stock Report on ADM

Archer-Daniels-Midland Stock Up 0.2 %

Archer-Daniels-Midland stock opened at $61.27 on Friday. The company has a 50-day simple moving average of $61.42 and a 200-day simple moving average of $62.72. The firm has a market capitalization of $30.29 billion, a P/E ratio of 10.75 and a beta of 0.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.30.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.35 by $0.11. The business had revenue of $21.85 billion during the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share. As a group, equities analysts expect that Archer-Daniels-Midland Company will post 5.61 earnings per share for the current year.

Archer-Daniels-Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. Archer-Daniels-Midland’s dividend payout ratio is currently 35.09%.

Archer-Daniels-Midland declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 12th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the transaction, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Profile

(Free Report)

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.

See Also

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

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