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Archer-Daniels-Midland Company (ADM) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 45.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,508,912 shares of the company’s stock after purchasing an additional 469,180 shares during the period. Parametric Portfolio Associates LLC owned 0.27% of Archer-Daniels-Midland worth $62,439,000 as of its most recent SEC filing.

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A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Archer-Daniels-Midland by 2.3% in the second quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock valued at $1,837,642,000 after purchasing an additional 1,011,097 shares in the last quarter. BlackRock Inc. increased its stake in Archer-Daniels-Midland by 6.0% in the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock valued at $1,721,723,000 after purchasing an additional 2,359,196 shares in the last quarter. Macquarie Group Ltd. increased its stake 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 purchasing an additional 207,704 shares in the last quarter. Victory Capital Management Inc. increased its stake in Archer-Daniels-Midland by 23.1% in the second quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock valued at $266,817,000 after purchasing an additional 1,208,413 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake 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 purchasing an additional 287,718 shares in the last quarter. 72.86% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Company (NYSE:ADM) opened at 43.57 on Tuesday. Archer-Daniels-Midland Company has a one year low of $40.22 and a one year high of $47.88. The company has a market cap of $24.51 billion, a price-to-earnings ratio of 18.42 and a beta of 1.11. The stock has a 50 day moving average of $42.32 and a 200-day moving average of $42.88.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. The firm had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $15.86 billion. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. On average, equities analysts predict that Archer-Daniels-Midland Company will post $2.59 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Tuesday, August 15th. Archer-Daniels-Midland’s payout ratio is currently 53.78%.

A number of brokerages have recently issued reports on ADM. Robert W. Baird began coverage on shares of Archer-Daniels-Midland in a report on Monday, September 11th. They set an “outperform” rating and a $50.00 price objective for the company. Zacks Investment Research upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub upgraded shares of Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price objective (up from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. Finally, Credit Suisse Group cut their price target on shares of Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Archer-Daniels-Midland currently has an average rating of “Hold” and an average target price of $44.22.

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