Archer Daniels Midland Company (ADM) Stake Maintained by Markel Corp

Archer Daniels Midland Company (ADM) Stake Maintained by Markel Corp

Markel Corp continued to hold its position in Archer Daniels Midland Company (NYSE:ADM) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,463,300 shares of the company’s stock at the end of the first quarter. Archer Daniels Midland Company makes up approximately 1.5% of Markel Corp’s portfolio, making the stock its 17th largest position. Markel Corp owned 0.26% of Archer Daniels Midland Company worth $67,370,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in shares of Archer Daniels Midland Company by 1.9% in the first quarter. Wells Fargo & Company MN now owns 1,998,156 shares of the company’s stock valued at $91,996,000 after buying an additional 37,013 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Archer Daniels Midland Company by 7.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 47,956 shares of the company’s stock valued at $2,207,000 after buying an additional 3,304 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in shares of Archer Daniels Midland Company by 1.1% in the first quarter. Wetherby Asset Management Inc. now owns 8,224 shares of the company’s stock valued at $379,000 after buying an additional 92 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its position in shares of Archer Daniels Midland Company by 78.1% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 43,054 shares of the company’s stock valued at $1,982,000 after buying an additional 18,884 shares during the last quarter. Finally, Conning Inc. boosted its position in shares of Archer Daniels Midland Company by 1.6% in the first quarter. Conning Inc. now owns 692,407 shares of the company’s stock valued at $31,878,000 after buying an additional 10,842 shares during the last quarter. 73.05% of the stock is currently owned by institutional investors.

Archer Daniels Midland Company (NYSE:ADM) traded up 0.07% during trading on Friday, hitting $42.43. 3,244,159 shares of the company’s stock traded hands. The company’s 50 day moving average is $44.90 and its 200-day moving average is $44.70. Archer Daniels Midland Company has a 12 month low of $37.00 and a 12 month high of $47.88. The stock has a market cap of $24.23 billion, a P/E ratio of 19.64 and a beta of 0.90.

Archer Daniels Midland Company (NYSE:ADM) last issued its earnings results on Tuesday, May 2nd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.01. The firm earned $14.99 billion during the quarter, compared to the consensus estimate of $15.15 billion. Archer Daniels Midland Company had a return on equity of 7.19% and a net margin of 2.05%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 EPS. On average, analysts predict that Archer Daniels Midland Company will post $2.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be paid a $0.32 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $1.28 annualized dividend and a dividend yield of 3.02%. Archer Daniels Midland Company’s dividend payout ratio is presently 55.05%.

Several equities analysts recently weighed in on ADM shares. BMO Capital Markets cut shares of Archer Daniels Midland Company from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $51.00 to $48.00 in a research report on Friday, January 6th. Vetr raised shares of Archer Daniels Midland Company from a “sell” rating to a “hold” rating and set a $44.58 price target on the stock in a research report on Monday, January 9th. Zacks Investment Research cut shares of Archer Daniels Midland Company from a “buy” rating to a “hold” rating in a research report on Wednesday, January 25th. Credit Suisse Group AG set a $46.00 price target on shares of Archer Daniels Midland Company and gave the company a “hold” rating in a research report on Wednesday, March 1st. Finally, Stifel Nicolaus dropped their price target on shares of Archer Daniels Midland Company from $46.00 to $45.00 and set a “hold” rating on the stock in a research report on Tuesday, April 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $47.27.

In other news, insider Joseph D. Taets sold 13,319 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $47.02, for a total value of $626,259.38. Following the transaction, the insider now owns 163,909 shares in the company, valued at $7,707,001.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.15% of the company’s stock.

About Archer Daniels Midland Company

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