Aberdeen Group plc Boosts Position in Archer Daniels Midland Company $ADM

Key Points

• Aberdeen Group plc increased its stake in Archer Daniels Midland Company by 5.9%, holding 281,456 shares worth approximately $14.9 million at the end of the second quarter.
• Several institutional investors significantly boosted their positions in ADM during the first quarter, with Charles Schwab increasing its stake by 350.4% and Wellington Management by 17.9%.
• Analysts have recently raised their price targets for ADM, with UBS setting a target of $70.00, reflecting a positive outlook on the company's performance.

Aberdeen Group plc boosted its holdings in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 5.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 281,456 shares of the company's stock after buying an additional 15,701 shares during the quarter. Aberdeen Group plc owned 0.06% of Archer Daniels Midland worth $14,855,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ADM. Charles Schwab Investment Management Inc. increased its holdings in shares of Archer Daniels Midland by 350.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock valued at $838,030,000 after purchasing an additional 13,579,379 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Archer Daniels Midland by 17.9% during the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock valued at $1,197,568,000 after purchasing an additional 3,791,597 shares in the last quarter. Nuveen LLC purchased a new position in shares of Archer Daniels Midland during the 1st quarter valued at approximately $81,306,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Archer Daniels Midland during the 2nd quarter valued at approximately $39,094,000. Finally, Invesco Ltd. increased its holdings in shares of Archer Daniels Midland by 8.5% during the 1st quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock valued at $372,250,000 after purchasing an additional 607,767 shares in the last quarter. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ADM shares. Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. UBS Group reissued a "buy" rating and issued a $70.00 price target (up previously from $60.00) on shares of Archer Daniels Midland in a report on Monday, August 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Morgan Stanley boosted their price target on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen raised shares of Archer Daniels Midland from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $55.50.

Archer Daniels Midland Price Performance

Archer Daniels Midland stock opened at $61.96 on Wednesday. Archer Daniels Midland Company has a 52-week low of $40.98 and a 52-week high of $64.38. The firm has a market capitalization of $29.77 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.40 and a beta of 0.70. The company has a fifty day simple moving average of $61.01 and a 200-day simple moving average of $54.00. The company has a quick ratio of 0.90, a current ratio of 1.42 and a debt-to-equity ratio of 0.34.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its earnings results on Monday, December 2nd. The company reported $1.63 earnings per share (EPS) for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The business had revenue of $21.70 billion during the quarter. On average, equities analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.3%. Archer Daniels Midland's dividend payout ratio is presently 89.87%.

About Archer Daniels Midland

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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