Jacobi Capital Management LLC Has $228,000 Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Jacobi Capital Management LLC continued to hold its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,595 shares of the company’s stock at the close of the second quarter. Jacobi Capital Management LLC’s holdings in Archer-Daniels-Midland were worth $228,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. Guardian Life Insurance Co. of America increased its stake in shares of Archer-Daniels-Midland by 0.4% during the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after buying an additional 8 shares during the period. V Wealth Management LLC grew its stake 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 valued at $184,000 after purchasing an additional 22 shares during the last quarter. Hefty Wealth Partners grew its stake in Archer-Daniels-Midland by 0.5% in the second quarter. Hefty Wealth Partners now owns 4,704 shares of the company’s stock valued at $194,000 after purchasing an additional 24 shares during the last quarter. ProVise Management Group LLC grew its stake 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 valued at $307,000 after purchasing an additional 41 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its stake 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 valued at $464,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 72.86% of the company’s stock.

Archer-Daniels-Midland Company (NYSE:ADM) opened at 43.38 on Friday. The firm has a market capitalization of $24.40 billion, a P/E ratio of 18.34 and a beta of 1.11. Archer-Daniels-Midland Company has a one year low of $40.22 and a one year high of $47.88. The firm has a 50-day moving average price of $42.32 and a 200-day moving average price of $42.88.

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. The business 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 company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. Equities analysts anticipate that Archer-Daniels-Midland Company will post $2.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th were issued a $0.32 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.95%. Archer-Daniels-Midland’s dividend payout ratio is currently 53.78%.

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A number of brokerages have recently weighed in on ADM. Zacks Investment Research upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Argus downgraded Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 target price (up previously from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. Finally, Robert W. Baird assumed coverage on Archer-Daniels-Midland in a report on Monday, September 11th. They set an “outperform” rating and a $50.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Archer-Daniels-Midland has a consensus rating of “Hold” and an average price target of $44.22.

About Archer-Daniels-Midland

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

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