OMERS ADMINISTRATION Corp Buys Shares of 53,400 Archer-Daniels-Midland Company (ADM)
OMERS ADMINISTRATION Corp bought a new stake in Archer-Daniels-Midland Company (NYSE:ADM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 53,400 shares of the company’s stock, valued at approximately $2,210,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Archer-Daniels-Midland by 4.0% in the first quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock valued at $1,998,037,000 after buying an additional 1,672,627 shares during the period. BlackRock Inc. boosted its stake in shares of Archer-Daniels-Midland by 1,027.8% in the first quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock valued at $1,806,998,000 after buying an additional 35,768,331 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Archer-Daniels-Midland by 1.2% in the first quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock valued at $781,486,000 after buying an additional 207,704 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Archer-Daniels-Midland by 23.1% in the second quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock valued at $266,817,000 after buying an additional 1,208,413 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Archer-Daniels-Midland by 5.7% in the first quarter. Geode Capital Management LLC now owns 5,327,074 shares of the company’s stock valued at $244,894,000 after buying an additional 287,718 shares during the period. Institutional investors own 72.85% of the company’s stock.
Shares of Archer-Daniels-Midland Company (ADM) opened at 41.86 on Thursday. The stock’s 50 day moving average is $41.73 and its 200-day moving average is $43.14. The stock has a market capitalization of $23.55 billion, a P/E ratio of 17.70 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.
Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $15.86 billion. During the same period in the prior year, the company earned $0.41 EPS. Archer-Daniels-Midland’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities research analysts expect that Archer-Daniels-Midland Company will post $2.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.06%. Archer-Daniels-Midland’s dividend payout ratio is currently 53.78%.
Several analysts recently commented on ADM shares. Argus cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Citigroup Inc. reiterated a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 31st. Vetr upgraded shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective for the company in a research note on Monday, May 22nd. Finally, BidaskClub upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.82.
Archer-Daniels-Midland Company Profile
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