Archer-Daniels-Midland Company (ADM) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC lifted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 807,075 shares of the company’s stock after buying an additional 26,236 shares during the quarter. Teachers Advisors LLC owned about 0.14% of Archer-Daniels-Midland worth $33,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in ADM. BlackRock Inc. increased its position in shares of Archer-Daniels-Midland by 1,027.8% during 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. Ameriprise Financial Inc. increased its position in shares of Archer-Daniels-Midland by 95.2% during the first quarter. Ameriprise Financial Inc. now owns 3,999,100 shares of the company’s stock valued at $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% during 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. Victory Capital Management Inc. increased its position in shares of 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 valued at $266,817,000 after buying an additional 1,208,413 shares during the period. Finally, Hexavest Inc. purchased a new position in shares of Archer-Daniels-Midland during the second quarter valued at about $40,385,000. Institutional investors own 72.86% of the company’s stock.
Several equities analysts recently issued reports on ADM shares. Citigroup Inc. reiterated a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. 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. 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, Argus cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Archer-Daniels-Midland has an average rating of “Hold” and an average price target of $44.22.
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Shares of Archer-Daniels-Midland Company (ADM) opened at 43.89 on Wednesday. The stock has a market cap of $24.69 billion, a PE ratio of 18.56 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. The firm has a 50-day moving average of $42.32 and a 200-day moving average of $42.88.
Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts expect that Archer-Daniels-Midland Company will post $2.60 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th were issued a $0.32 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.92%. Archer-Daniels-Midland’s dividend payout ratio is currently 53.78%.
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