Archer-Daniels-Midland Company (ADM) Stake Boosted by Enterprise Financial Services Corp

Enterprise Financial Services Corp raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 17.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,526 shares of the company’s stock after buying an additional 380 shares during the period. Enterprise Financial Services Corp’s holdings in Archer-Daniels-Midland were worth $105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted 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 valued at $1,998,037,000 after buying an additional 1,672,627 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Archer-Daniels-Midland by 1,027.8% in the first quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock valued at $1,806,998,000 after buying an additional 35,768,331 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Archer-Daniels-Midland by 1.2% in the first quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock valued at $781,486,000 after buying an additional 207,704 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Archer-Daniels-Midland by 5.7% in the first quarter. Geode Capital Management LLC now owns 5,327,074 shares of the company’s stock valued at $244,894,000 after buying an additional 287,718 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Archer-Daniels-Midland by 16.6% in the first quarter. Victory Capital Management Inc. now owns 5,239,564 shares of the company’s stock valued at $241,229,000 after buying an additional 745,593 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Company (NYSE ADM) traded down 0.96% on Friday, reaching $41.27. 2,283,192 shares of the company were exchanged. The stock has a market capitalization of $23.22 billion, a P/E ratio of 17.45 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. The company’s 50-day moving average price is $41.71 and its 200-day moving average price is $43.23.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. The business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. Equities research analysts anticipate that Archer-Daniels-Midland Company will post $2.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors 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 dividend on an annualized basis and a dividend yield of 3.10%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 53.78%.

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Several research firms have recently commented on ADM. Zacks Investment Research cut shares of Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Vetr raised shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price target on the stock in a research note on Wednesday, May 31st. BidaskClub upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Thursday. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $45.00 price objective (up from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.10.

Archer-Daniels-Midland Company Profile

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

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