Delta Capital Management LLC cut its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,515 shares of the company’s stock after selling 90 shares during the period. Delta Capital Management LLC’s holdings in Archer-Daniels-Midland were worth $2,090,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Raymond James Trust N.A. raised its position in shares of Archer-Daniels-Midland by 3.4% in the first quarter. Raymond James Trust N.A. now owns 4,652 shares of the company’s stock valued at $214,000 after buying an additional 152 shares during the last quarter. Weaver C. Barksdale & Associates Inc. raised its position in shares of Archer-Daniels-Midland by 57.3% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 31,238 shares of the company’s stock valued at $1,438,000 after buying an additional 11,381 shares during the last quarter. Denali Advisors LLC raised its position in shares of Archer-Daniels-Midland by 17.6% in the first quarter. Denali Advisors LLC now owns 90,400 shares of the company’s stock valued at $4,162,000 after buying an additional 13,500 shares during the last quarter. Hefty Wealth Partners increased its stake in shares of Archer-Daniels-Midland by 336.2% in the first quarter. Hefty Wealth Partners now owns 4,680 shares of the company’s stock valued at $215,000 after buying an additional 3,607 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Archer-Daniels-Midland by 2.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 661,255 shares of the company’s stock valued at $30,444,000 after buying an additional 14,146 shares during the period. Hedge funds and other institutional investors own 73.21% of the company’s stock.
Shares of Archer-Daniels-Midland Company (NYSE:ADM) traded down 0.47% during mid-day trading on Tuesday, hitting $42.24. The company’s stock had a trading volume of 3,065,740 shares. The stock has a market cap of $23.76 billion, a PE ratio of 17.86 and a beta of 1.11. The company has a 50-day moving average price of $41.55 and a 200-day moving average price of $43.42. Archer-Daniels-Midland Company has a 1-year low of $40.22 and a 1-year high of $47.88.
Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $15.86 billion. During the same period in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Analysts predict 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. Shareholders of record on Thursday, August 17th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio is presently 53.78%.
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Several brokerages have weighed in on ADM. Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Zacks Investment Research raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Friday. BMO Capital Markets reissued a “hold” rating and issued a $41.00 price objective on shares of Archer-Daniels-Midland in a research note on Tuesday, June 27th. Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price (up from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $45.10.
Archer-Daniels-Midland Company Profile
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