Archer-Daniels-Midland Company (ADM) Stake Maintained by Hermes Investment Management Ltd.

Hermes Investment Management Ltd. held its stake in Archer-Daniels-Midland Company (NYSE:ADM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,750 shares of the company’s stock at the end of the second quarter. Hermes Investment Management Ltd.’s holdings in Archer-Daniels-Midland were worth $817,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake 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. Ameriprise Financial Inc. raised its stake in Archer-Daniels-Midland by 95.2% in 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. raised its stake in Archer-Daniels-Midland by 4.0% in 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. Hexavest Inc. bought a new stake in Archer-Daniels-Midland during the second quarter valued at $40,385,000. Finally, Victory Capital Management Inc. raised its stake 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. Hedge funds and other institutional investors own 72.52% of the company’s stock.

Archer-Daniels-Midland Company (NYSE:ADM) traded down 0.07% during trading on Friday, reaching $42.59. The company had a trading volume of 2,595,118 shares. Archer-Daniels-Midland Company has a 12-month low of $40.22 and a 12-month high of $47.88. The firm has a market capitalization of $23.96 billion, a PE ratio of 18.01 and a beta of 1.11. The firm’s 50 day moving average price is $41.53 and its 200 day moving average price is $43.44.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. Archer-Daniels-Midland’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Analysts anticipate that Archer-Daniels-Midland Company will post $2.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a yield of 3.01%. Archer-Daniels-Midland’s dividend payout ratio is currently 53.78%.

A number of research analysts have recently commented on ADM shares. Vetr upgraded Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price target for the company in a report on Wednesday, May 31st. Credit Suisse Group reiterated a “hold” rating and set a $46.00 price target on shares of Archer-Daniels-Midland in a report on Friday, April 7th. Zacks Investment Research lowered Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. BMO Capital Markets reiterated a “hold” rating and set a $41.00 price target on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $40.00 price target (down from $41.00) on shares of Archer-Daniels-Midland in a report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, six 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 presently has a consensus rating of “Hold” and a consensus target price of $45.10.

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