Markel Group Inc. Has $83.07 Million Stake in Archer Daniels Midland Company $ADM

Markel Group Inc. raised its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 1.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,573,800 shares of the company’s stock after purchasing an additional 22,500 shares during the period. Markel Group Inc.’s holdings in Archer Daniels Midland were worth $83,065,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Archer Daniels Midland by 10.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 508,956 shares of the company’s stock valued at $26,863,000 after purchasing an additional 49,954 shares during the last quarter. Perpetual Ltd acquired a new position in Archer Daniels Midland during the 2nd quarter valued at about $227,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Archer Daniels Midland by 0.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,506,219 shares of the company’s stock valued at $72,314,000 after purchasing an additional 5,348 shares during the last quarter. Wellington Management Group LLP boosted its stake in Archer Daniels Midland by 17.9% during the 1st quarter. Wellington Management Group LLP now owns 24,944,136 shares of the company’s stock valued at $1,197,568,000 after purchasing an additional 3,791,597 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Archer Daniels Midland by 54.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 81,953 shares of the company’s stock valued at $3,935,000 after purchasing an additional 28,896 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer Daniels Midland Trading Down 0.9%

NYSE:ADM opened at $61.41 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $29.50 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 4.89 and a beta of 0.70. The firm’s 50 day moving average is $61.77 and its 200 day moving average is $55.29. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $65.00.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Monday, December 2nd. The company reported $1.63 EPS for the quarter. The company had revenue of $21.70 billion for the quarter. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. Sell-side analysts expect that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.04 dividend on an annualized basis and a yield of 3.3%. Archer Daniels Midland’s payout ratio is presently 89.87%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Archer Daniels Midland in a research report on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price on the stock. Morgan Stanley lifted their target price on shares of Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. UBS Group reissued a “buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Archer Daniels Midland in a research report on Monday, August 11th. Finally, Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $50.00 to $61.00 in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.50.

About Archer Daniels Midland

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.