Van ECK Associates Corp Has $61.90 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Van ECK Associates Corp grew its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,021,411 shares of the company’s stock after acquiring an additional 50,306 shares during the quarter. Van ECK Associates Corp owned 0.18% of Archer-Daniels-Midland worth $61,897,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Archer-Daniels-Midland by 11.1% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,500 shares of the company’s stock worth $2,272,000 after acquiring an additional 3,749 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Archer-Daniels-Midland by 152.2% in the first quarter. Cubist Systematic Strategies LLC now owns 130,449 shares of the company’s stock worth $7,436,000 after acquiring an additional 78,724 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Archer-Daniels-Midland by 162.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 422,551 shares of the company’s stock worth $24,085,000 after buying an additional 261,251 shares in the last quarter. Elo Mutual Pension Insurance Co grew its holdings in shares of Archer-Daniels-Midland by 1.6% during the first quarter. Elo Mutual Pension Insurance Co now owns 40,140 shares of the company’s stock worth $2,288,000 after buying an additional 635 shares in the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Archer-Daniels-Midland during the second quarter worth about $478,000. Institutional investors own 77.08% of the company’s stock.

In other Archer-Daniels-Midland news, CEO Juan R. Luciano acquired 16,790 shares of the business’s stock in a transaction dated Thursday, July 29th. The stock was bought at an average cost of $59.54 per share, with a total value of $999,676.60. Following the completion of the transaction, the chief executive officer now directly owns 483,994 shares in the company, valued at approximately $28,817,002.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Shares of NYSE ADM opened at $60.38 on Wednesday. The stock has a 50 day moving average price of $59.74 and a 200 day moving average price of $61.06. Archer-Daniels-Midland Company has a 52 week low of $44.58 and a 52 week high of $69.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.65. The stock has a market capitalization of $33.73 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.52 and a beta of 0.88.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Monday, July 26th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.30. Archer-Daniels-Midland had a return on equity of 13.30% and a net margin of 3.09%. The company had revenue of $22.93 billion during the quarter, compared to analysts’ expectations of $18.30 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue was up 40.8% on a year-over-year basis. As a group, research analysts forecast that Archer-Daniels-Midland Company will post 4.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 8th. Stockholders of record on Wednesday, August 18th were given a $0.37 dividend. The ex-dividend date was Tuesday, August 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.45%. Archer-Daniels-Midland’s payout ratio is 41.23%.

A number of research analysts recently issued reports on ADM shares. Jefferies Financial Group started coverage on Archer-Daniels-Midland in a report on Wednesday, July 21st. They set a “hold” rating and a $55.00 price objective for the company. Zacks Investment Research downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a report on Wednesday, August 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $65.27.

About Archer-Daniels-Midland

Archer-Daniels-Midland Co processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.

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

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