Park Avenue Securities LLC purchased a new position in Archer Daniels Midland Company (NYSE:ADM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,386 shares of the company’s stock, valued at approximately $304,000.
Other hedge funds also recently modified their holdings of the company. Guardian Life Insurance Co. of America raised its stake in 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 valued at $102,000 after buying an additional 8 shares in the last quarter. Ledyard National Bank acquired a new stake in Archer Daniels Midland during the first quarter valued at approximately $120,000. Whittier Trust Co. raised its stake in 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 in the last quarter. Point72 Asia Hong Kong Ltd raised its stake in 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 worth $156,000 after buying an additional 2,963 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its stake in Archer Daniels Midland by 24.7% in the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock worth $159,000 after buying an additional 764 shares in the last quarter. 73.21% of the stock is owned by institutional investors.
Archer Daniels Midland Company (NYSE:ADM) traded down 1.90% during mid-day trading on Friday, hitting $41.32. 2,061,111 shares of the company traded hands. The stock has a market capitalization of $23.24 billion, a price-to-earnings ratio of 17.47 and a beta of 1.11. Archer Daniels Midland Company has a one year low of $40.22 and a one year high of $47.88. The company’s 50-day moving average is $41.60 and its 200-day moving average is $43.35.
Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Archer Daniels Midland had a return on equity of 6.41% and a net margin of 1.84%. The company had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $15.86 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. Analysts predict 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. Stockholders of record on Thursday, August 17th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, August 15th. Archer Daniels Midland’s dividend payout ratio is currently 53.78%.
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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Stifel Nicolaus restated a “hold” rating and set a $45.00 price target (up previously from $40.00) on shares of Archer Daniels Midland in a report on Thursday, August 3rd. Argus lowered shares of Archer Daniels Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, Vetr upgraded 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 report on Wednesday, May 31st. Two equities research 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. The company has an average rating of “Hold” and an average target price of $45.10.
Archer Daniels Midland Company Profile
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