Marshall Wace North America L.P. Takes Position in Archer-Daniels-Midland Company (NYSE:ADM)

Marshall Wace North America L.P. purchased a new stake in Archer-Daniels-Midland Company (NYSE:ADM) in the second quarter, Holdings Channel.com reports. The fund purchased 6,243 shares of the company’s stock, valued at approximately $378,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ADM. Amundi purchased a new position in shares of Archer-Daniels-Midland in the 2nd quarter valued at about $148,312,000. BlackRock Inc. increased its holdings in shares of Archer-Daniels-Midland by 3.7% in the 2nd quarter. BlackRock Inc. now owns 39,043,689 shares of the company’s stock valued at $2,366,045,000 after purchasing an additional 1,380,332 shares in the last quarter. Vanguard Group Inc. increased its holdings in Archer-Daniels-Midland by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 56,735,084 shares of the company’s stock valued at $3,438,146,000 after acquiring an additional 580,164 shares in the last quarter. First Trust Advisors LP increased its holdings in Archer-Daniels-Midland by 16.7% during the 2nd quarter. First Trust Advisors LP now owns 2,981,052 shares of the company’s stock valued at $180,652,000 after acquiring an additional 426,264 shares in the last quarter. Finally, AXA S.A. increased its holdings in Archer-Daniels-Midland by 52.5% during the 2nd quarter. AXA S.A. now owns 1,232,891 shares of the company’s stock valued at $74,713,000 after acquiring an additional 424,671 shares in the last quarter. Institutional investors and hedge funds own 77.21% of the company’s stock.

ADM opened at $66.32 on Thursday. The company’s 50 day simple moving average is $63.70 and its 200 day simple moving average is $62.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.58. Archer-Daniels-Midland Company has a 1 year low of $48.56 and a 1 year high of $69.30. The stock has a market capitalization of $37.10 billion, a PE ratio of 14.32, a P/E/G ratio of 1.56 and a beta of 0.87.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Monday, October 25th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.08. The business had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $17.93 billion. Archer-Daniels-Midland had a net margin of 3.26% and a return on equity of 13.11%. The company’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. As a group, sell-side analysts expect that Archer-Daniels-Midland Company will post 4.87 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 8th. Shareholders of record on Wednesday, November 17th will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, November 16th. This represents a $1.48 dividend on an annualized basis and a yield of 2.23%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 31.97%.

In other Archer-Daniels-Midland news, SVP D Cameron Findlay sold 99,503 shares of Archer-Daniels-Midland stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $63.73, for a total transaction of $6,341,326.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

ADM has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a report on Wednesday, August 11th. Monness Crespi & Hardt raised their target price on shares of Archer-Daniels-Midland from $70.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, October 27th. Finally, Stephens downgraded shares of Archer-Daniels-Midland from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $65.00 to $67.00 in a report on Tuesday, October 12th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus target price of $66.73.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Co processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.

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

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