Exane Derivatives boosted its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 575.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,509 shares of the company’s stock after buying an additional 3,841 shares during the period. Exane Derivatives’ holdings in Archer-Daniels-Midland were worth $187,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. V Wealth Management LLC increased its position in shares of 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. OLD National Bancorp IN acquired a new stake in Archer-Daniels-Midland during the second quarter worth about $208,000. Eqis Capital Management Inc. boosted its stake in Archer-Daniels-Midland by 86.3% in the second quarter. Eqis Capital Management Inc. now owns 11,276 shares of the company’s stock worth $467,000 after buying an additional 5,222 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in Archer-Daniels-Midland by 505.5% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 92,911 shares of the company’s stock worth $3,845,000 after buying an additional 77,566 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in Archer-Daniels-Midland by 434.7% in the second quarter. Meeder Asset Management Inc. now owns 58,631 shares of the company’s stock worth $2,427,000 after buying an additional 47,665 shares during the period. 73.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Archer-Daniels-Midland Company (NYSE:ADM) traded down 2.04% during trading on Friday, hitting $41.26. 3,784,123 shares of the stock traded hands. Archer-Daniels-Midland Company has a 52 week low of $40.22 and a 52 week high of $47.88. The firm has a market cap of $23.21 billion, a P/E ratio of 17.45 and a beta of 1.11. The company has a 50-day moving average of $41.60 and a 200-day moving average of $43.33.
Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. The company had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. On average, analysts forecast that Archer-Daniels-Midland Company will post $2.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Tuesday, August 15th. Archer-Daniels-Midland’s payout ratio is presently 53.78%.
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A number of analysts have recently weighed in on ADM shares. Vetr raised shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 target price on the stock in a research report on Monday, May 22nd. Zacks Investment Research lowered shares of Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. Argus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. BMO Capital Markets reaffirmed a “hold” rating and issued a $41.00 target price on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $45.10.
Archer-Daniels-Midland Company Profile
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