Archer-Daniels-Midland Company (NYSE:ADM) Stock Holdings Boosted by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 68.3% in the 1st quarter, Holdings Channel reports. The fund owned 1,557,076 shares of the company’s stock after buying an additional 632,100 shares during the period. Canada Pension Plan Investment Board’s holdings in Archer-Daniels-Midland were worth $97,800,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Archer-Daniels-Midland by 12.1% during the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock worth $4,260,165,000 after acquiring an additional 7,320,289 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Archer-Daniels-Midland by 11.1% during the fourth quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock worth $1,106,830,000 after acquiring an additional 1,532,284 shares during the last quarter. First Trust Advisors LP grew its position in shares of Archer-Daniels-Midland by 3.5% during the fourth quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock worth $468,591,000 after acquiring an additional 217,459 shares during the last quarter. Norges Bank bought a new position in shares of Archer-Daniels-Midland during the fourth quarter worth about $420,457,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Archer-Daniels-Midland by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,043,862 shares of the company’s stock worth $292,050,000 after purchasing an additional 244,765 shares during the period. Institutional investors own 78.28% of the company’s stock.

Archer-Daniels-Midland Price Performance

NYSE ADM traded up $0.66 on Friday, reaching $63.98. The company’s stock had a trading volume of 2,048,324 shares, compared to its average volume of 3,101,253. Archer-Daniels-Midland Company has a twelve month low of $50.72 and a twelve month high of $87.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47. The stock has a market cap of $31.63 billion, a PE ratio of 11.22 and a beta of 0.74. The firm’s 50 day moving average is $61.91 and its two-hundred day moving average is $60.12.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The company had revenue of $21.85 billion during the quarter, compared to the consensus estimate of $22.26 billion. During the same period in the prior year, the company earned $2.09 EPS. Archer-Daniels-Midland’s revenue was down 9.2% on a year-over-year basis. As a group, sell-side analysts predict that Archer-Daniels-Midland Company will post 5.56 EPS for the current year.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio is presently 35.09%.

Insider Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the sale, the insider now directly owns 8,555 shares of the company’s stock, valued at $519,545.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup reduced their price objective on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $67.43.

Archer-Daniels-Midland Company 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.