Nikko Asset Management Americas Inc. Has $17.11 Million Stake in Archer-Daniels-Midland Company (ADM)
Nikko Asset Management Americas Inc. reduced its position in Archer-Daniels-Midland Company (NYSE:ADM) by 2.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 413,499 shares of the company’s stock after selling 11,700 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Archer-Daniels-Midland were worth $17,111,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in ADM. Vanguard Group Inc. boosted 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. BlackRock Inc. boosted its position in Archer-Daniels-Midland by 1,027.8% in 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. Macquarie Group Ltd. boosted its position in Archer-Daniels-Midland by 1.2% in the first quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock valued at $781,486,000 after buying an additional 207,704 shares during the period. Geode Capital Management LLC boosted its position in Archer-Daniels-Midland by 5.7% in the first quarter. Geode Capital Management LLC now owns 5,327,074 shares of the company’s stock valued at $244,894,000 after buying an additional 287,718 shares during the period. Finally, Victory Capital Management Inc. boosted its position in 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 valued at $241,229,000 after buying an additional 745,593 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.
Archer-Daniels-Midland Company (NYSE:ADM) opened at 41.67 on Friday. The stock’s 50 day moving average price is $41.70 and its 200 day moving average price is $43.25. The stock has a market capitalization of $23.44 billion, a PE ratio of 17.62 and a beta of 1.11. 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 issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, topping 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 firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $15.86 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities research analysts predict 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 issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.07%. Archer-Daniels-Midland’s payout ratio is 53.78%.
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Several equities analysts have recently issued reports on ADM shares. Vetr raised Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 target price on the stock in a research note on Wednesday, May 31st. Credit Suisse Group set a $45.00 target price on Archer-Daniels-Midland and gave the company a “hold” rating in a research note on Tuesday, July 18th. Citigroup Inc. reissued a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Zacks Investment Research cut Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 31st. Finally, BMO Capital Markets reissued a “hold” rating and set a $41.00 target price on shares of Archer-Daniels-Midland in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.10.
Archer-Daniels-Midland Company Profile
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