Archer-Daniels-Midland Company (ADM) Shares Bought by South Dakota Investment Council
South Dakota Investment Council boosted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 27.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 42,600 shares of the company’s stock after acquiring an additional 9,200 shares during the period. South Dakota Investment Council’s holdings in Archer-Daniels-Midland were worth $1,763,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Archer-Daniels-Midland by 4.0% during the first quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock worth $1,998,037,000 after acquiring an additional 1,672,627 shares during the period. BlackRock Inc. raised its position in Archer-Daniels-Midland by 1,027.8% during the first quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock worth $1,806,998,000 after acquiring an additional 35,768,331 shares during the period. Macquarie Group Ltd. raised its position in Archer-Daniels-Midland by 1.2% during the first quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock worth $781,486,000 after acquiring an additional 207,704 shares during the period. Victory Capital Management Inc. raised its position in 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 worth $266,817,000 after acquiring an additional 1,208,413 shares during the period. Finally, Geode Capital Management LLC raised its position in Archer-Daniels-Midland by 5.7% during the first quarter. Geode Capital Management LLC now owns 5,327,074 shares of the company’s stock worth $244,894,000 after acquiring an additional 287,718 shares during the period. Institutional investors own 72.86% of the company’s stock.
Shares of Archer-Daniels-Midland Company (NYSE:ADM) opened at 42.79 on Tuesday. The firm has a market capitalization of $24.07 billion, a PE ratio of 18.09 and a beta of 1.11. The stock has a 50 day moving average of $41.99 and a 200-day moving average of $42.97. 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 released its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. The business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. On average, equities research analysts anticipate that Archer-Daniels-Midland Company will post $2.60 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 53.78%.
A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Robert W. Baird initiated coverage on shares of Archer-Daniels-Midland in a research report on Monday. They issued an “outperform” rating and a $50.00 target price for the company. Argus cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price (up from $40.00) on shares of Archer-Daniels-Midland in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $44.22.
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Archer-Daniels-Midland Company Profile
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