Capital Wealth Planning LLC maintained its stake in Archer-Daniels-Midland Company (NYSE:ADM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,673 shares of the company’s stock at the end of the 2nd quarter. Capital Wealth Planning LLC’s holdings in Archer-Daniels-Midland were worth $814,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of ADM. Guardian Life Insurance Co. of America grew its holdings in Archer-Daniels-Midland by 0.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock worth $102,000 after acquiring an additional 8 shares during the last quarter. Enterprise Financial Services Corp grew its holdings in Archer-Daniels-Midland by 17.7% during the 2nd quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock worth $105,000 after acquiring an additional 380 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Archer-Daniels-Midland by 28.3% during the 2nd quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock worth $112,000 after acquiring an additional 600 shares during the last quarter. Point72 Asia Hong Kong Ltd grew its holdings in Archer-Daniels-Midland by 681.1% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock worth $156,000 after acquiring an additional 2,963 shares during the last quarter. Finally, Carroll Financial Associates Inc. grew its holdings in Archer-Daniels-Midland by 24.7% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock worth $159,000 after acquiring an additional 764 shares during the last quarter. 72.86% of the stock is currently owned by hedge funds and other institutional investors.
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Archer-Daniels-Midland Company (NYSE ADM) traded up 0.75% on Tuesday, reaching $43.11. 976,654 shares of the company’s stock were exchanged. The company has a market cap of $24.25 billion, a price-to-earnings ratio of 18.23 and a beta of 1.11. The stock’s 50 day moving average is $41.99 and its 200 day moving average is $42.97. 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 earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, equities analysts anticipate that Archer-Daniels-Midland Company will post $2.60 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, August 15th. Archer-Daniels-Midland’s payout ratio is 53.78%.
A number of equities research analysts have commented on ADM shares. Vetr raised shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective on the stock in a report on Wednesday, May 31st. Credit Suisse Group set a $45.00 price objective on shares of Archer-Daniels-Midland and gave the stock a “hold” rating in a report on Tuesday, July 18th. Citigroup Inc. reissued a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. Finally, BMO Capital Markets reissued a “hold” rating and set a $41.00 price objective on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.22.
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