Allianz Asset Management GmbH Has $31.59 Million Stock Position in Archer Daniels Midland Company $ADM

Key Points

• Allianz Asset Management GmbH increased its stake in Archer Daniels Midland Company by 61.2%, now holding approximately 598,476 shares valued at around $31.59 million.
• Institutional investors hold over 78% of Archer Daniels Midland's stock, with notable increases from firms like Wellington Management and Charles Schwab.
• Archer Daniels Midland declared a quarterly dividend of $0.51 per share, representing an annualized yield of 3.2%, and has a payout ratio of nearly 90%.

Allianz Asset Management GmbH increased its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 61.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 598,476 shares of the company's stock after purchasing an additional 227,218 shares during the period. Allianz Asset Management GmbH owned approximately 0.12% of Archer Daniels Midland worth $31,588,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of Archer Daniels Midland by 17.9% in the first quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company's stock worth $1,197,568,000 after purchasing an additional 3,791,597 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Archer Daniels Midland by 350.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 17,455,324 shares of the company's stock worth $838,030,000 after purchasing an additional 13,579,379 shares during the period. Northern Trust Corp increased its position in shares of Archer Daniels Midland by 3.7% in the first quarter. Northern Trust Corp now owns 11,448,325 shares of the company's stock worth $549,634,000 after purchasing an additional 413,314 shares during the period. Invesco Ltd. increased its position in shares of Archer Daniels Midland by 8.5% in the first quarter. Invesco Ltd. now owns 7,753,585 shares of the company's stock worth $372,250,000 after purchasing an additional 607,767 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Archer Daniels Midland by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,015,752 shares of the company's stock worth $144,783,000 after purchasing an additional 184,852 shares during the period. Institutional investors own 78.28% of the company's stock.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $63.29 on Friday. The business's 50 day simple moving average is $61.35 and its 200-day simple moving average is $54.32. The firm has a market capitalization of $30.41 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 5.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.42 and a quick ratio of 0.90. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.57.

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

Archer Daniels Midland Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 annualized dividend and a dividend yield of 3.2%. Archer Daniels Midland's payout ratio is 89.87%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $61.00 target price on the stock. UBS Group reiterated a "buy" rating and issued a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Morgan Stanley lifted their target price on Archer Daniels Midland from $47.00 to $57.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Finally, Barclays upgraded 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 research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $55.50.

Archer Daniels Midland Profile

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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