Archer Daniels Midland Company (ADM) Shares Bought by TD Asset Management Inc.

TD Asset Management Inc. raised its stake in Archer Daniels Midland Company (NYSE:ADM) by 3.2% during the second quarter, Holdings Channel reports. The institutional investor owned 631,253 shares of the company’s stock after buying an additional 19,556 shares during the period. TD Asset Management Inc.’s holdings in Archer Daniels Midland were worth $26,121,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America increased its stake in shares of Archer Daniels Midland by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after buying an additional 8 shares in the last quarter. Enterprise Financial Services Corp increased its stake in shares of Archer Daniels Midland by 17.7% in the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock valued at $105,000 after buying an additional 380 shares in the last quarter. Ledyard National Bank acquired a new stake in shares of Archer Daniels Midland during the first quarter valued at about $120,000. Whittier Trust Co. increased its stake in shares of Archer Daniels Midland by 1,221.7% in the first quarter. Whittier Trust Co. now owns 3,172 shares of the company’s stock valued at $146,000 after buying an additional 2,932 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd increased its stake in shares of Archer Daniels Midland by 681.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock valued at $156,000 after buying an additional 2,963 shares in the last quarter. 73.21% of the stock is owned by hedge funds and other institutional investors.

Shares of Archer Daniels Midland Company (ADM) opened at 42.12 on Friday. The stock’s 50 day moving average price is $41.60 and its 200-day moving average price is $43.35. Archer Daniels Midland Company has a 1-year low of $40.22 and a 1-year high of $47.88. The stock has a market capitalization of $23.69 billion, a P/E ratio of 17.81 and a beta of 1.11.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. Archer Daniels Midland had a return on equity of 6.41% and a net margin of 1.84%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. Equities research analysts anticipate that Archer Daniels Midland Company will post $2.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.04%. Archer Daniels Midland’s dividend payout ratio (DPR) is 53.78%.

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Several equities research analysts recently issued reports on the company. BidaskClub raised Archer Daniels Midland from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target (up from $40.00) on shares of Archer Daniels Midland in a research note on Thursday, August 3rd. Zacks Investment Research raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Argus downgraded Archer Daniels Midland from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Archer Daniels Midland in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.10.

About Archer Daniels Midland

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Company (NYSE:ADM).

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

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