Tibra Equities Europe Ltd Invests $1.95 Million in Archer Daniels Midland Co (ADM)

Tibra Equities Europe Ltd purchased a new stake in shares of Archer Daniels Midland Co (NYSE:ADM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 42,443 shares of the company’s stock, valued at approximately $1,945,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Douglass Winthrop Advisors LLC acquired a new stake in shares of Archer Daniels Midland during the second quarter valued at about $594,000. UMB Bank N A MO increased its position in shares of Archer Daniels Midland by 24.4% during the second quarter. UMB Bank N A MO now owns 16,319 shares of the company’s stock valued at $748,000 after acquiring an additional 3,200 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Archer Daniels Midland by 2.1% during the first quarter. Principal Financial Group Inc. now owns 952,982 shares of the company’s stock valued at $41,331,000 after acquiring an additional 19,336 shares during the last quarter. Sei Investments Co. increased its position in shares of Archer Daniels Midland by 220.6% during the second quarter. Sei Investments Co. now owns 598,091 shares of the company’s stock valued at $27,410,000 after acquiring an additional 411,550 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Archer Daniels Midland by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 8,985,797 shares of the company’s stock valued at $411,820,000 after acquiring an additional 683,457 shares during the last quarter. Institutional investors and hedge funds own 75.84% of the company’s stock.

In related news, VP John P. Stott sold 2,133 shares of Archer Daniels Midland stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $46.50, for a total value of $99,184.50. Following the completion of the transaction, the vice president now owns 39,628 shares in the company, valued at $1,842,702. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joseph D. Taets sold 3,847 shares of Archer Daniels Midland stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $51.01, for a total transaction of $196,235.47. Following the completion of the transaction, the senior vice president now owns 171,366 shares of the company’s stock, valued at approximately $8,741,379.66. The disclosure for this sale can be found here. Insiders sold 123,292 shares of company stock valued at $5,977,078 in the last quarter. 0.94% of the stock is owned by insiders.

Shares of ADM stock opened at $50.70 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.59 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $28.38 billion, a P/E ratio of 20.86 and a beta of 1.03. Archer Daniels Midland Co has a fifty-two week low of $38.59 and a fifty-two week high of $51.06.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.25. Archer Daniels Midland had a net margin of 3.05% and a return on equity of 9.19%. The firm had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $15.48 billion. During the same quarter in the previous year, the business posted $0.57 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. research analysts predict that Archer Daniels Midland Co will post 3.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Thursday, August 16th will be paid a $0.335 dividend. The ex-dividend date is Wednesday, August 15th. This represents a $1.34 dividend on an annualized basis and a yield of 2.64%. Archer Daniels Midland’s dividend payout ratio is currently 55.14%.

ADM has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded shares of Archer Daniels Midland from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $42.00 to $48.00 in a report on Monday, July 9th. Citigroup lifted their price objective on shares of Archer Daniels Midland from $53.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Wednesday, July 4th. Stephens restated an “overweight” rating on shares of Archer Daniels Midland in a report on Thursday, August 16th. Finally, Morgan Stanley lifted their price objective on shares of Archer Daniels Midland from $33.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, August 3rd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Archer Daniels Midland presently has a consensus rating of “Hold” and an average price target 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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