Archer-Daniels-Midland Company (ADM) Position Raised by BARING ASSET MANAGEMENT Ltd

BARING ASSET MANAGEMENT Ltd boosted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 50.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,104 shares of the company’s stock after buying an additional 28,538 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in Archer-Daniels-Midland were worth $3,522,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. American Assets Investment Management LLC boosted its position in shares of Archer-Daniels-Midland by 50.1% in the second quarter. American Assets Investment Management LLC now owns 30,830 shares of the company’s stock valued at $1,276,000 after buying an additional 10,290 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Archer-Daniels-Midland by 0.7% in the second quarter. Legal & General Group Plc now owns 3,259,461 shares of the company’s stock valued at $134,851,000 after buying an additional 22,516 shares during the last quarter. State of Wisconsin Investment Board raised its stake in shares of Archer-Daniels-Midland by 31.6% in the second quarter. State of Wisconsin Investment Board now owns 906,094 shares of the company’s stock valued at $37,494,000 after buying an additional 217,680 shares during the last quarter. Dupont Capital Management Corp raised its stake in shares of Archer-Daniels-Midland by 34.5% in the second quarter. Dupont Capital Management Corp now owns 57,903 shares of the company’s stock valued at $2,396,000 after buying an additional 14,849 shares during the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp raised its stake in shares of Archer-Daniels-Midland by 3.1% in the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 17,118 shares of the company’s stock valued at $708,000 after buying an additional 521 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

Archer-Daniels-Midland Company (NYSE:ADM) opened at 42.15 on Thursday. The company has a 50-day moving average of $41.68 and a 200-day moving average of $43.26. Archer-Daniels-Midland Company has a 52 week low of $40.22 and a 52 week high of $47.88. The company has a market cap of $23.71 billion, a PE ratio of 17.82 and a beta of 1.11.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping the Zacks’ 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 the consensus estimate of $15.86 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue was down 4.4% compared to the same quarter last year. On average, equities analysts expect that Archer-Daniels-Midland Company will post $2.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 53.78%.

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Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Thursday. 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. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price (up from $40.00) on shares of Archer-Daniels-Midland in a research report on Thursday, August 3rd. Argus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, BMO Capital Markets restated a “hold” rating and issued a $41.00 price objective on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.10.

About Archer-Daniels-Midland

Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

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