Baker Ellis Asset Management LLC reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,200 shares of the company’s stock after selling 100 shares during the period. Baker Ellis Asset Management LLC’s holdings in Archer-Daniels-Midland were worth $339,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in ADM. Barings LLC raised its stake in shares of Archer-Daniels-Midland by 43.2% in the first quarter. Barings LLC now owns 184,204 shares of the company’s stock worth $8,481,000 after buying an additional 55,566 shares during the last quarter. Morgan Stanley raised its stake in shares of 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 during the last quarter. Vanguard Group Inc. raised its stake in shares of 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 during the last quarter. Nicholas Hoffman & Company LLC. raised its stake 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. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Archer-Daniels-Midland by 3.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,291,282 shares of the company’s stock worth $105,491,000 after buying an additional 71,183 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Archer-Daniels-Midland Company (ADM) traded down 0.62% during trading on Friday, reaching $41.41. The company’s stock had a trading volume of 1,613,832 shares. The stock has a market capitalization of $23.30 billion, a price-to-earnings ratio of 17.51 and a beta of 1.11. Archer-Daniels-Midland Company has a 1-year low of $40.22 and a 1-year high of $47.88. The company’s 50-day moving average price is $41.70 and its 200 day moving average price is $43.25.
Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (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 firm had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. During the same quarter in the prior year, the business posted $0.41 earnings per share. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. Analysts anticipate that Archer-Daniels-Midland Company will post $2.61 EPS for the current 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 is Tuesday, August 15th. This represents a $1.28 annualized dividend and a yield of 3.07%. Archer-Daniels-Midland’s dividend payout ratio is 53.78%.
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ADM has been the topic of a number of analyst reports. Zacks Investment Research raised Archer-Daniels-Midland from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Vetr raised Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective for the company in a report on Monday, May 22nd. Credit Suisse Group set a $45.00 price objective 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 price objective on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. Finally, Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Archer-Daniels-Midland presently has an average rating of “Hold” and an average target price of $45.10.
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