Archer-Daniels-Midland Company (ADM) Position Cut by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 27.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,790 shares of the company’s stock after selling 59,394 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Archer-Daniels-Midland were worth $6,430,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. increased its position 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 worth $1,806,998,000 after buying an additional 35,768,331 shares during the period. Ameriprise Financial Inc. increased its position in shares of Archer-Daniels-Midland by 95.2% in the first quarter. Ameriprise Financial Inc. now owns 3,999,100 shares of the company’s stock worth $184,053,000 after buying an additional 1,950,600 shares during the period. Vanguard Group Inc. increased its position in shares of Archer-Daniels-Midland by 4.0% in the first quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock worth $1,998,037,000 after buying an additional 1,672,627 shares during the period. Hexavest Inc. acquired a new position in shares of Archer-Daniels-Midland during the second quarter worth about $40,385,000. Finally, Victory Capital Management Inc. increased its position in shares of Archer-Daniels-Midland by 16.6% in the first quarter. Victory Capital Management Inc. now owns 5,239,564 shares of the company’s stock worth $241,229,000 after buying an additional 745,593 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.
Archer-Daniels-Midland Company (NYSE ADM) opened at 41.95 on Tuesday. The company has a market cap of $23.60 billion, a P/E ratio of 17.74 and a beta of 1.11. The stock’s 50 day moving average price is $41.63 and its 200 day moving average price is $43.29. Archer-Daniels-Midland Company has a 1-year low of $40.22 and a 1-year high of $47.88.
Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue was down 4.4% on a year-over-year basis. On average, equities analysts anticipate that Archer-Daniels-Midland Company will post $2.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio is currently 53.78%.
ADM has been the subject of a number of recent analyst reports. Vetr upgraded 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 Wednesday, May 31st. Credit Suisse Group set a $45.00 price objective on Archer-Daniels-Midland and gave the company a “hold” rating in a research note on Tuesday, July 18th. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Zacks Investment Research downgraded Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 31st. Finally, BMO Capital Markets restated a “hold” rating and issued a $41.00 price objective on shares of Archer-Daniels-Midland in a research note on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $45.10.
Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADM).
Receive News & Ratings for Archer-Daniels-Midland Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland Company and related companies with Analyst Ratings Network's FREE daily email newsletter.