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Markel Group Inc. Has $74.48 Million Stake in Archer Daniels Midland Company (NYSE:ADM)

Archer Daniels Midland logo with Consumer Staples background

Markel Group Inc. boosted its stake in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 5.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,551,300 shares of the company's stock after acquiring an additional 77,000 shares during the period. Markel Group Inc. owned 0.32% of Archer Daniels Midland worth $74,478,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ADM. Norges Bank bought a new position in shares of Archer Daniels Midland in the fourth quarter worth about $333,521,000. Wellington Management Group LLP increased its position in Archer Daniels Midland by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 21,152,539 shares of the company's stock worth $1,068,626,000 after purchasing an additional 1,722,428 shares in the last quarter. Invesco Ltd. lifted its stake in Archer Daniels Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock valued at $361,007,000 after purchasing an additional 1,420,625 shares during the last quarter. Voloridge Investment Management LLC increased its stake in shares of Archer Daniels Midland by 56.8% in the fourth quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock valued at $117,658,000 after buying an additional 843,662 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Archer Daniels Midland by 20.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock worth $212,825,000 after acquiring an additional 727,675 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors.

Archer Daniels Midland Trading Down 0.7%

NYSE ADM opened at $53.60 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock's 50-day simple moving average is $51.26 and its two-hundred day simple moving average is $49.05. Archer Daniels Midland Company has a twelve month low of $40.98 and a twelve month high of $66.08. The company has a market capitalization of $25.75 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 3.01 and a beta of 0.69.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.69 by $0.01. The company had revenue of $20.18 billion for the quarter, compared to analyst estimates of $22.05 billion. Archer Daniels Midland had a net margin of 1.63% and a return on equity of 8.71%. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 EPS. Research analysts forecast that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Wednesday, May 21st. Archer Daniels Midland's payout ratio is 72.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group raised Archer Daniels Midland from a "neutral" rating to a "buy" rating and increased their price target for the company from $55.00 to $60.00 in a research note on Monday, May 19th. Citigroup decreased their target price on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Bank of America downgraded shares of Archer Daniels Midland from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $47.00 to $45.00 in a research report on Thursday, May 8th. Finally, Barclays increased their price objective on shares of Archer Daniels Midland from $48.00 to $50.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland has an average rating of "Hold" and a consensus price target of $52.25.

View Our Latest Analysis on Archer Daniels Midland

About Archer Daniels Midland

(Free Report)

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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