Archer Daniels Midland Company (NYSE:ADM) Shares Bought by HL Financial Services LLC

HL Financial Services LLC boosted its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 163.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,034 shares of the company’s stock after buying an additional 18,618 shares during the period. HL Financial Services LLC’s holdings in Archer Daniels Midland were worth $1,243,000 at the end of the most recent quarter.

Other institutional investors have 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 in the last quarter. Enterprise Financial Services Corp raised its position in Archer Daniels Midland by 17.7% in the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock valued at $105,000 after buying an additional 380 shares in the last quarter. Ledyard National Bank purchased a new position in Archer Daniels Midland during the first quarter valued at $120,000. Whittier Trust Co. raised its position in 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. Finally, Point72 Asia Hong Kong Ltd raised its position in 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. 73.21% of the stock is currently owned by institutional investors and hedge funds.

Archer Daniels Midland Company (NYSE:ADM) opened at 42.12 on Friday. The firm has a market capitalization of $23.69 billion, a price-to-earnings ratio of 17.81 and a beta of 1.11. The company’s 50-day moving average price is $41.60 and its 200 day moving average price is $43.35. Archer Daniels Midland Company has a 52-week low of $40.22 and a 52-week high of $47.88.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data 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 business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. Archer Daniels Midland had a return on equity of 6.41% and a net margin of 1.84%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. Equities research analysts predict that Archer Daniels Midland Company will post $2.61 earnings per share for the current year.

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

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Several equities analysts have recently weighed in on ADM shares. 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, August 4th. BMO Capital Markets reaffirmed 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 lowered Archer Daniels Midland from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective (up from $40.00) on shares of Archer Daniels Midland in a research note 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 assigned a strong buy rating to the company’s stock. Archer Daniels Midland presently has a consensus rating of “Hold” and an average target price of $45.10.

Archer Daniels Midland Company Profile

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

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