Macquarie Group Ltd. Reduces Holdings in Archer Daniels Midland Co (ADM)

Macquarie Group Ltd. cut its holdings in Archer Daniels Midland Co (NYSE:ADM) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,538,236 shares of the company’s stock after selling 558,152 shares during the quarter. Archer Daniels Midland comprises about 1.2% of Macquarie Group Ltd.’s investment portfolio, making the stock its 13th biggest holding. Macquarie Group Ltd. owned 2.78% of Archer Daniels Midland worth $712,117,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dupont Capital Management Corp raised its holdings in Archer Daniels Midland by 64.6% during the 1st quarter. Dupont Capital Management Corp now owns 6,246 shares of the company’s stock worth $271,000 after buying an additional 2,452 shares during the period. Trexquant Investment LP acquired a new stake in Archer Daniels Midland during the 1st quarter worth about $1,347,000. American Century Companies Inc. raised its holdings in Archer Daniels Midland by 26.6% during the 1st quarter. American Century Companies Inc. now owns 19,635 shares of the company’s stock worth $852,000 after buying an additional 4,126 shares during the period. M&T Bank Corp raised its holdings in Archer Daniels Midland by 3.5% during the 1st quarter. M&T Bank Corp now owns 47,056 shares of the company’s stock worth $2,040,000 after buying an additional 1,605 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Archer Daniels Midland by 17.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 491,328 shares of the company’s stock worth $21,309,000 after buying an additional 73,255 shares during the period. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Several analysts have issued reports on the company. Stephens restated an “overweight” rating on shares of Archer Daniels Midland in a report on Thursday, August 16th. Morgan Stanley boosted their price objective on Archer Daniels Midland from $33.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, August 3rd. BMO Capital Markets boosted their price objective on Archer Daniels Midland from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, August 1st. Buckingham Research boosted their price objective on Archer Daniels Midland from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Finally, JPMorgan Chase & Co. upgraded Archer Daniels Midland from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $42.00 to $48.00 in a report on Monday, July 9th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $47.62.

In other news, VP John P. Stott sold 2,133 shares of the company’s stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $46.50, for a total value of $99,184.50. Following the transaction, the vice president now owns 39,628 shares in the company, valued at approximately $1,842,702. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ambrose Michael D sold 100,151 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $48.34, for a total value of $4,841,299.34. Following the completion of the transaction, the senior vice president now owns 234,053 shares in the company, valued at approximately $11,314,122.02. The disclosure for this sale can be found here. Insiders sold a total of 125,445 shares of company stock worth $6,086,881 in the last quarter. 0.94% of the stock is owned by corporate insiders.

Shares of ADM opened at $50.02 on Monday. The stock has a market capitalization of $27.60 billion, a PE ratio of 20.58 and a beta of 1.05. Archer Daniels Midland Co has a fifty-two week low of $38.59 and a fifty-two week high of $51.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.91 and a current ratio of 1.59.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, July 31st. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.25. The company had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $15.48 billion. Archer Daniels Midland had a return on equity of 9.19% and a net margin of 3.05%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. sell-side analysts expect that Archer Daniels Midland Co will post 3.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 6th. Stockholders of record on Thursday, August 16th were issued a $0.335 dividend. The ex-dividend date was Wednesday, August 15th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.68%. Archer Daniels Midland’s dividend payout ratio is 55.14%.

About Archer Daniels Midland

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

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

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