Integrated Investment Consultants LLC held its stake in shares of Archer Daniels Midland Company (NYSE:ADM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,637 shares of the company’s stock at the end of the second quarter. Integrated Investment Consultants LLC’s holdings in Archer Daniels Midland were worth $109,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Barings LLC boosted its position in Archer Daniels Midland by 43.2% in the first quarter. Barings LLC now owns 184,204 shares of the company’s stock valued at $8,481,000 after buying an additional 55,566 shares during the period. Morgan Stanley boosted its stake in Archer Daniels Midland by 4.0% in the first quarter. Morgan Stanley now owns 2,363,520 shares of the company’s stock worth $108,815,000 after buying an additional 90,834 shares in the last quarter. Vanguard Group Inc. boosted its stake in Archer Daniels Midland by 4.0% in the first quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock worth $1,998,037,000 after buying an additional 1,672,627 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Archer Daniels Midland by 5.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,018 shares of the company’s stock worth $914,000 after buying an additional 1,000 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. increased its position in shares of Archer Daniels Midland by 5.1% in the first quarter. Nicholas Hoffman & Company LLC. now owns 5,695 shares of the company’s stock worth $262,000 after buying an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 73.21% of the company’s stock.
Shares of Archer Daniels Midland Company (NYSE:ADM) traded down 2.04% during midday trading on Friday, reaching $41.26. The company’s stock had a trading volume of 3,784,123 shares. The stock’s 50-day moving average is $41.60 and its 200-day moving average is $43.35. The company has a market capitalization of $23.21 billion, a P/E ratio of 17.45 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.
Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Archer Daniels Midland had a net margin of 1.84% and a return on equity of 6.41%. The business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. During the same quarter in the prior year, the business posted $0.41 EPS. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities analysts expect that Archer Daniels Midland Company will post $2.61 earnings per share 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 given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.10%. The ex-dividend date is Tuesday, August 15th. Archer Daniels Midland’s dividend payout ratio (DPR) is 53.78%.
A number of brokerages have recently issued reports on ADM. BidaskClub raised Archer Daniels Midland from a “strong sell” rating to a “sell” rating in a report 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 report on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and issued a $41.00 target price on shares of Archer Daniels Midland in a report on Tuesday, June 27th. Vetr raised Archer Daniels Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective on the stock in a research note on Wednesday, May 31st. 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 research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Archer Daniels Midland presently has an average rating of “Hold” and a consensus price target of $45.10.
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