Aperio Group LLC Has $9.63 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Aperio Group LLC decreased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 232,821 shares of the company’s stock after selling 1,959 shares during the period. Aperio Group LLC’s holdings in Archer-Daniels-Midland were worth $9,634,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Guardian Life Insurance Co. of America increased its position in 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 worth $102,000 after buying an additional 8 shares during the last quarter. V Wealth Management LLC increased its position in Archer-Daniels-Midland by 0.5% in the second quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock worth $184,000 after buying an additional 22 shares during the last quarter. Hefty Wealth Partners increased its position in Archer-Daniels-Midland by 0.5% in the second quarter. Hefty Wealth Partners now owns 4,704 shares of the company’s stock worth $194,000 after buying an additional 24 shares during the last quarter. ProVise Management Group LLC increased its position in Archer-Daniels-Midland by 0.6% in the first quarter. ProVise Management Group LLC now owns 6,672 shares of the company’s stock worth $307,000 after buying an additional 41 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. increased its position in Archer-Daniels-Midland by 0.6% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 10,084 shares of the company’s stock worth $464,000 after buying an additional 58 shares during the last quarter. 73.21% of the stock is owned by hedge funds and other institutional investors.

Shares of Archer-Daniels-Midland Company (NYSE:ADM) traded down 2.04% during midday trading on Friday, reaching $41.26. 3,784,123 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $41.60 and its 200 day moving average price is $43.33. The company has a market cap of $23.21 billion, a price-to-earnings ratio of 17.45 and a beta of 1.11. Archer-Daniels-Midland Company has a 12-month low of $40.22 and a 12-month high of $47.88.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. Equities analysts anticipate that Archer-Daniels-Midland Company will post $2.61 earnings per share for the current fiscal year.

The firm 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 annualized dividend and a dividend yield of 3.10%. Archer-Daniels-Midland’s dividend payout ratio is currently 53.78%.

COPYRIGHT VIOLATION NOTICE: “Aperio Group LLC Has $9.63 Million Stake in Archer-Daniels-Midland Company (NYSE:ADM)” was originally posted by BNB Daily and is the property of of BNB Daily. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/13/archer-daniels-midland-company-nyseadm-stake-cut-by-aperio-group-llc-updated-updated.html.

A number of equities analysts recently issued reports on ADM shares. Vetr raised shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price target for the company in a research note on Wednesday, May 31st. Credit Suisse Group set a $45.00 price target on shares of Archer-Daniels-Midland and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Zacks Investment Research downgraded shares of Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 31st. BMO Capital Markets reissued a “hold” rating and issued a $41.00 price target on shares of Archer-Daniels-Midland in a research note on Tuesday, June 27th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.10.

About Archer-Daniels-Midland

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

Receive News & Ratings for Archer-Daniels-Midland Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply