Barings LLC Continues to Hold Stake in Archer-Daniels-Midland Company (ADM)
Barings LLC held its stake in Archer-Daniels-Midland Company (NYSE:ADM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 184,204 shares of the company’s stock at the close of the 2nd quarter. Barings LLC’s holdings in Archer-Daniels-Midland were worth $8,481,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Guardian Life Insurance Co. of America lifted its holdings in shares of Archer-Daniels-Midland by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock worth $102,000 after buying an additional 8 shares in the last quarter. Enterprise Financial Services Corp boosted its holdings in Archer-Daniels-Midland by 17.7% in the 2nd quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock valued at $105,000 after purchasing an additional 380 shares during the period. Manchester Capital Management LLC boosted its holdings in Archer-Daniels-Midland by 28.3% in the 2nd quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock valued at $112,000 after purchasing an additional 600 shares during the period. Point72 Asia Hong Kong Ltd boosted its holdings in Archer-Daniels-Midland by 681.1% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock valued at $156,000 after purchasing an additional 2,963 shares during the period. Finally, Carroll Financial Associates Inc. boosted its holdings in Archer-Daniels-Midland by 24.7% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock valued at $159,000 after purchasing an additional 764 shares during the period. Institutional investors own 72.86% of the company’s stock.
Archer-Daniels-Midland Company (NYSE:ADM) traded up 0.199% on Tuesday, hitting $42.705. 973,359 shares of the company’s stock traded hands. The stock has a market cap of $24.02 billion, a P/E ratio of 18.057 and a beta of 1.12. The stock has a 50 day moving average price of $42.51 and a 200-day moving average price of $42.78. 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 for the quarter, beating 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 analysts’ expectations of $15.86 billion. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities analysts predict that Archer-Daniels-Midland Company will post $2.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 17th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Tuesday, August 15th. Archer-Daniels-Midland’s payout ratio is 53.78%.
A number of equities research analysts recently issued reports on the company. Credit Suisse Group lowered their price objective on Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, August 31st. Zacks Investment Research upgraded Archer-Daniels-Midland from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Robert W. Baird started coverage on Archer-Daniels-Midland in a report on Monday, September 11th. They issued an “outperform” rating and a $50.00 price target on the stock. BMO Capital Markets reiterated a “hold” rating and set a $41.00 price target on shares of Archer-Daniels-Midland in a research report on Tuesday, June 27th. Finally, Piper Jaffray Companies set a $42.00 price objective on Archer-Daniels-Midland and gave the stock a “hold” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Archer-Daniels-Midland presently has an average rating of “Hold” and an average price target of $44.31.
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