Oregon Public Employees Retirement Fund cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 19.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 312,688 shares of the company’s stock after selling 77,000 shares during the period. Oregon Public Employees Retirement Fund owned approximately 0.06% of Archer-Daniels-Midland worth $12,939,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in 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. Ameriprise Financial Inc. raised its stake in Archer-Daniels-Midland by 95.2% in the first quarter. Ameriprise Financial Inc. now owns 3,999,100 shares of the company’s stock valued at $184,053,000 after buying an additional 1,950,600 shares during the last quarter. Vanguard Group Inc. raised 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 valued at $1,998,037,000 after buying an additional 1,672,627 shares during the last quarter. Hexavest Inc. acquired a new stake in Archer-Daniels-Midland during the second quarter valued at $40,385,000. Finally, Victory Capital Management Inc. raised its stake in 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 during the last quarter. 72.52% of the stock is currently owned by hedge funds and other institutional investors.
Archer-Daniels-Midland Company (NYSE ADM) opened at 42.59 on Friday. Archer-Daniels-Midland Company has a 52-week low of $40.22 and a 52-week high of $47.88. The company has a market cap of $23.96 billion, a price-to-earnings ratio of 18.01 and a beta of 1.11. The stock’s 50 day moving average is $41.53 and its 200 day moving average is $43.44.
Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data 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 company 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%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the business earned $0.41 earnings per share. On average, analysts predict 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. Shareholders of record on Thursday, August 17th will be issued 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 3.01%. Archer-Daniels-Midland’s payout ratio is presently 53.78%.
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ADM has been the subject of several recent research reports. Vetr upgraded 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 Monday, May 22nd. 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. Argus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. BMO Capital Markets reiterated 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. reiterated a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.10.
Archer-Daniels-Midland Company Profile
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