Tyers Asset Management LLC trimmed its holdings in Archer Daniels Midland Co (NYSE:ADM) by 14.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,184 shares of the company’s stock after selling 7,336 shares during the quarter. Tyers Asset Management LLC’s holdings in Archer Daniels Midland were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Artemis Investment Management LLP acquired a new position in Archer Daniels Midland in the second quarter valued at approximately $30,172,000. Geode Capital Management LLC grew its stake in shares of Archer Daniels Midland by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 8,128,709 shares of the company’s stock valued at $332,509,000 after buying an additional 700,278 shares during the period. First Trust Advisors LP increased its position in Archer Daniels Midland by 47.9% in the 1st quarter. First Trust Advisors LP now owns 1,790,261 shares of the company’s stock valued at $77,214,000 after buying an additional 579,646 shares in the last quarter. Marshall Wace LLP acquired a new position in Archer Daniels Midland during the 1st quarter worth approximately $22,846,000. Finally, Wells Fargo & Company MN boosted its holdings in Archer Daniels Midland by 14.3% in the first quarter. Wells Fargo & Company MN now owns 2,804,621 shares of the company’s stock worth $120,963,000 after acquiring an additional 350,985 shares in the last quarter. Institutional investors own 76.16% of the company’s stock.
Shares of ADM stock traded up $0.38 during trading on Wednesday, hitting $40.67. The company’s stock had a trading volume of 835,424 shares, compared to its average volume of 3,094,387. The company has a current ratio of 1.55, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41. The company has a market cap of $22.10 billion, a PE ratio of 11.62 and a beta of 1.05. The business has a fifty day moving average of $38.66 and a 200-day moving average of $40.91. Archer Daniels Midland Co has a 52 week low of $36.45 and a 52 week high of $52.06.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Wednesday, August 21st. Archer Daniels Midland’s dividend payout ratio is presently 40.00%.
Several research firms have recently commented on ADM. ValuEngine downgraded Archer Daniels Midland from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Robert W. Baird set a $48.00 target price on Archer Daniels Midland and gave the stock a “buy” rating in a research report on Monday, August 26th. Stifel Nicolaus cut their price objective on shares of Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Finally, Buckingham Research lowered their target price on shares of Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating for the company in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.71.
In related news, CEO Juan R. Luciano bought 5,457 shares of Archer Daniels Midland stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $36.65 per share, with a total value of $199,999.05. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ray G. Young bought 3,400 shares of Archer Daniels Midland stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $36.74 per share, with a total value of $124,916.00. The disclosure for this purchase can be found here. Company insiders own 1.11% of the company’s stock.
Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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