Allianz Asset Management GmbH Boosts Stake in Archer Daniels Midland Company $ADM

Allianz Asset Management GmbH boosted its stake in Archer Daniels Midland Company (NYSE:ADM) by 61.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 598,476 shares of the company’s stock after acquiring an additional 227,218 shares during the period. Allianz Asset Management GmbH’s holdings in Archer Daniels Midland were worth $31,588,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new stake in Archer Daniels Midland in the 2nd quarter valued at approximately $25,000. S.A. Mason LLC purchased a new position in shares of Archer Daniels Midland during the 1st quarter worth $25,000. Headlands Technologies LLC purchased a new position in shares of Archer Daniels Midland during the 1st quarter worth $25,000. Trust Co. of Toledo NA OH purchased a new position in shares of Archer Daniels Midland during the 2nd quarter worth $32,000. Finally, ORG Partners LLC lifted its stake in shares of Archer Daniels Midland by 297.2% during the 1st quarter. ORG Partners LLC now owns 699 shares of the company’s stock worth $34,000 after purchasing an additional 523 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ADM. UBS Group reissued a “buy” rating and set a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a research note on Monday, August 11th. Morgan Stanley increased their price target on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a research note on Wednesday, August 20th. They set a “neutral” rating and a $61.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.50.

Archer Daniels Midland Trading Up 0.6%

ADM stock opened at $63.29 on Friday. The company has a market cap of $30.41 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 5.00 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $61.35 and a 200-day simple moving average of $54.32. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $64.57.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The business had revenue of $21.70 billion during the quarter. Archer Daniels Midland had a return on equity of 8.43% and a net margin of 1.33%. On average, equities research analysts expect that Archer Daniels Midland Company will post 4.31 EPS for the current year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio is currently 89.87%.

Archer Daniels Midland Company Profile

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.