Personal Capital Advisors Corp Boosts Stake in Archer-Daniels-Midland Company (NYSE:ADM)

Personal Capital Advisors Corp increased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 544.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,915 shares of the company’s stock after buying an additional 81,879 shares during the period. Personal Capital Advisors Corp’s holdings in Archer-Daniels-Midland were worth $4,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised 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 valued at $102,000 after buying an additional 8 shares during the period. Ledyard National Bank acquired a new stake in shares of Archer-Daniels-Midland during the first quarter valued at $120,000. Whittier Trust Co. increased its stake in shares of Archer-Daniels-Midland by 1,221.7% in the first quarter. Whittier Trust Co. now owns 3,172 shares of the company’s stock valued at $146,000 after buying an additional 2,932 shares in the last quarter. Point72 Asia Hong Kong Ltd increased its stake in shares of Archer-Daniels-Midland by 681.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock valued at $156,000 after buying an additional 2,963 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its stake in shares of Archer-Daniels-Midland by 24.7% in the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock valued at $159,000 after buying an additional 764 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

Archer-Daniels-Midland Company (NYSE:ADM) opened at 42.15 on Thursday. The firm has a market capitalization of $23.71 billion, a P/E ratio of 17.82 and a beta of 1.11. The company has a 50-day moving average price of $41.68 and a 200-day moving average price of $43.26. 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 issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The firm had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $15.86 billion. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, equities research analysts predict that Archer-Daniels-Midland Company will post $2.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.28 annualized dividend and a yield of 3.04%. Archer-Daniels-Midland’s dividend payout ratio is 53.78%.

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Several brokerages have recently weighed in on ADM. BidaskClub upgraded Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Credit Suisse Group set a $45.00 target price on Archer-Daniels-Midland and gave the company a “hold” rating in a research note on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and set a $41.00 target price on shares of Archer-Daniels-Midland in a research note on Tuesday, June 27th. Vetr upgraded 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 note on Wednesday, May 31st. Finally, Stifel Nicolaus restated a “hold” rating and set a $45.00 target price (up from $40.00) on shares of Archer-Daniels-Midland in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, six have issued 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 a consensus price target of $45.10.

Archer-Daniels-Midland Company Profile

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

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