AustralianSuper Pty Ltd Has $76.10 Million Stock Holdings in Archer Daniels Midland Company $ADM

AustralianSuper Pty Ltd reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 16.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,441,892 shares of the company’s stock after selling 288,290 shares during the period. AustralianSuper Pty Ltd’s holdings in Archer Daniels Midland were worth $76,103,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADM. Headlands Technologies LLC bought a new stake in Archer Daniels Midland in the 1st quarter valued at about $25,000. SOA Wealth Advisors LLC. acquired a new stake in Archer Daniels Midland in the second quarter valued at approximately $25,000. Trust Co. of Toledo NA OH acquired a new stake in Archer Daniels Midland in the second quarter valued at approximately $32,000. Pandora Wealth Inc. bought a new stake in shares of Archer Daniels Midland during the first quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Archer Daniels Midland by 109.8% in the 1st quarter. Golden State Wealth Management LLC now owns 839 shares of the company’s stock worth $40,000 after purchasing an additional 439 shares in the last quarter. Institutional investors own 78.28% of the company’s stock.

Archer Daniels Midland Stock Performance

Shares of ADM opened at $63.40 on Monday. The stock has a 50 day moving average of $61.69 and a 200 day moving average of $55.05. The company has a market capitalization of $30.46 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 5.00 and a beta of 0.70. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $64.57. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

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

Archer Daniels Midland Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADM. Morgan Stanley raised their price objective on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $50.00 to $61.00 in a research report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Friday. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. began coverage on Archer Daniels Midland in a research report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.