Archer Daniels Midland Company $ADM Stock: Fulcrum Asset Management LLP Grows Holdings

Fulcrum Asset Management LLP raised its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 24,335.9% in the third quarter, HoldingsChannel.com reports. The firm owned 9,530 shares of the company’s stock after buying an additional 9,491 shares during the period. Fulcrum Asset Management LLP’s holdings in Archer Daniels Midland were worth $757,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Archer Daniels Midland during the 2nd quarter valued at $3,409,089,000. Wellington Management Group LLP lifted its holdings in shares of Archer Daniels Midland by 2.2% in the second quarter. Wellington Management Group LLP now owns 17,670,220 shares of the company’s stock valued at $1,350,005,000 after buying an additional 382,460 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Archer Daniels Midland by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,806,192 shares of the company’s stock valued at $276,647,000 after buying an additional 163,749 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Archer Daniels Midland in the second quarter valued at $257,394,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Archer Daniels Midland by 4.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,875,370 shares of the company’s stock valued at $219,678,000 after buying an additional 112,980 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays lifted their target price on Archer Daniels Midland from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Jefferies Financial Group boosted their price target on shares of Archer Daniels Midland from $88.00 to $89.00 in a research report on Monday, October 19th. Zacks Research downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. JPMorgan Chase & Co. upgraded shares of Archer Daniels Midland from an “underweight” rating to a “neutral” rating and set a $75.00 price objective for the company in a research report on Wednesday, November 4th. Finally, Morgan Stanley raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $80.25.

Insider Activity

In related news, Director R II bought 2,800 shares of the business’s stock in a transaction dated Thursday, November 5th. The shares were bought at an average cost of $70.27 per share, with a total value of $196,756.00. Following the completion of the transaction, the director directly owned 2,800 shares of the company’s stock, valued at approximately $196,756. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by insiders.

Archer Daniels Midland Trading Up 0.1%

Archer Daniels Midland stock opened at $70.99 on Friday. The firm has a market cap of $33.78 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 2.08 and a beta of 0.63. Archer Daniels Midland Company has a 1 year low of $56.80 and a 1 year high of $88.75. The firm’s 50 day moving average price is $80.06 and its two-hundred day moving average price is $76.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 1.45.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.17. Archer Daniels Midland had a return on equity of 10.84% and a net margin of 2.95%. The company had revenue of $22.34 billion during the quarter, compared to the consensus estimate of $23.27 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts predict that Archer Daniels Midland Company will post 5.69 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, November 18th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, November 18th. Archer Daniels Midland’s payout ratio is presently 40.55%.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural supply chain and food ingredient company. It sources, transports, stores and processes crops, connecting farmers with food, feed, fuel and industrial markets. ADM processes commodities such as corn, oilseeds and wheat into products including vegetable oils, protein meals, flour, starches, sweeteners and other food ingredients. Its businesses also supply ingredients and solutions for human and animal nutrition, as well as products used in biofuels and other industrial applications.