Voya Investment Management LLC Raises Holdings in Archer Daniels Midland Co (ADM)

Voya Investment Management LLC grew its position in Archer Daniels Midland Co (NYSE:ADM) by 22.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 259,891 shares of the company’s stock after buying an additional 47,245 shares during the quarter. Voya Investment Management LLC’s holdings in Archer Daniels Midland were worth $11,911,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Archer Daniels Midland by 8.7% in the 2nd quarter. BlackRock Inc. now owns 45,957,560 shares of the company’s stock worth $2,106,235,000 after buying an additional 3,694,727 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Archer Daniels Midland by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,985,797 shares of the company’s stock worth $411,820,000 after buying an additional 683,457 shares during the period. Aristotle Capital Management LLC lifted its holdings in shares of Archer Daniels Midland by 4.1% in the 1st quarter. Aristotle Capital Management LLC now owns 5,458,430 shares of the company’s stock worth $236,732,000 after buying an additional 213,845 shares during the period. FIL Ltd lifted its holdings in shares of Archer Daniels Midland by 0.9% in the 1st quarter. FIL Ltd now owns 3,238,388 shares of the company’s stock worth $140,449,000 after buying an additional 27,644 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Archer Daniels Midland by 9,164.5% in the 1st quarter. Point72 Asset Management L.P. now owns 3,020,241 shares of the company’s stock worth $130,988,000 after buying an additional 2,987,641 shares during the period. Institutional investors and hedge funds own 75.79% of the company’s stock.

Shares of NYSE ADM opened at $49.94 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.59 and a quick ratio of 0.91. The firm has a market cap of $27.77 billion, a P/E ratio of 20.55 and a beta of 1.05. Archer Daniels Midland Co has a 1-year low of $38.59 and a 1-year high of $51.11.



Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.25. Archer Daniels Midland had a return on equity of 9.19% and a net margin of 3.05%. The firm had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $15.48 billion. During the same period in the prior year, the business posted $0.57 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. equities analysts forecast that Archer Daniels Midland Co will post 3.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Shareholders of record on Thursday, August 16th were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Wednesday, August 15th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 55.14%.

In other Archer Daniels Midland news, SVP Joseph D. Taets sold 3,847 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $51.01, for a total value of $196,235.47. Following the completion of the sale, the senior vice president now directly owns 171,366 shares in the company, valued at $8,741,379.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Joseph D. Taets sold 3,218 shares of the stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $49.10, for a total value of $158,003.80. Following the completion of the sale, the insider now owns 182,770 shares of the company’s stock, valued at $8,974,007. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,445 shares of company stock valued at $6,086,881. 2.70% of the stock is currently owned by company insiders.

Several brokerages have weighed in on ADM. Zacks Investment Research upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday, July 4th. BMO Capital Markets upped their price objective on Archer Daniels Midland from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 1st. JPMorgan Chase & Co. upgraded Archer Daniels Midland from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $42.00 to $48.00 in a research note on Monday, July 9th. Buckingham Research upped their price objective on Archer Daniels Midland from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Finally, Morgan Stanley upped their price objective on Archer Daniels Midland from $33.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, August 3rd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.62.

Archer Daniels Midland Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

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

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