Pacer Advisors Inc. boosted its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 8.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,993 shares of the company’s stock after purchasing an additional 921 shares during the period. Pacer Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Guardian Life Insurance Co. of America lifted its position in 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 purchasing an additional 8 shares during the period. Enterprise Financial Services Corp lifted its position in Archer-Daniels-Midland by 17.7% during the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock valued at $105,000 after purchasing an additional 380 shares during the period. Point72 Asia Hong Kong Ltd lifted its position in Archer-Daniels-Midland by 681.1% during the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock valued at $156,000 after purchasing an additional 2,963 shares during the period. Carroll Financial Associates Inc. lifted its position in Archer-Daniels-Midland by 24.7% during the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock valued at $159,000 after purchasing an additional 764 shares during the period. Finally, Harfst & Associates Inc. acquired a new position in Archer-Daniels-Midland during the first quarter valued at $190,000. 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 50-day moving average of $42.32 and a 200-day moving average of $42.88. The stock has a market cap of $24.40 billion, a PE ratio of 18.34 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 released its earnings results on Tuesday, August 1st. The company reported $0.57 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 company had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was down 4.4% on a year-over-year basis. Equities analysts predict that Archer-Daniels-Midland Company will post $2.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 53.78%.
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A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Vetr upgraded shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 target price for the company in a research report on Wednesday, May 31st. BidaskClub upgraded shares of Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $44.22.
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