Bbva Compass Bancshares Inc. reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 5,179 shares of the company’s stock after selling 296 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Archer-Daniels-Midland were worth $214,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Guardian Life Insurance Co. of America raised its stake in shares of 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 worth $102,000 after buying an additional 8 shares in the last quarter. Ledyard National Bank purchased a new stake in shares of Archer-Daniels-Midland during the first quarter worth about $120,000. Whittier Trust Co. raised its position 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 during the period. Point72 Asia Hong Kong Ltd raised its position 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 during the period. Finally, Carroll Financial Associates Inc. raised its position 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 during the period. 73.21% of the stock is owned by hedge funds and other institutional investors.
Archer-Daniels-Midland Company (NYSE ADM) opened at 42.49 on Thursday. Archer-Daniels-Midland Company has a 52 week low of $40.22 and a 52 week high of $47.88. The stock has a market cap of $23.90 billion, a price-to-earnings ratio of 17.97 and a beta of 1.11. The firm’s 50-day moving average is $41.57 and its 200 day moving average is $43.36.
Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The firm had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. Archer-Daniels-Midland’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. On average, equities research analysts expect that Archer-Daniels-Midland Company will post $2.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio is presently 53.78%.
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ADM has been the subject of several research analyst reports. Vetr raised shares of 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. Credit Suisse Group set a $45.00 target price on shares of Archer-Daniels-Midland and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Zacks Investment Research lowered shares of Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 31st. BMO Capital Markets reaffirmed a “hold” rating and set a $41.00 target price on shares of Archer-Daniels-Midland in a research note on Tuesday, June 27th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $45.10.
Archer-Daniels-Midland Company Profile
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