State of Wisconsin Investment Board increased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 31.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 906,094 shares of the company’s stock after buying an additional 217,680 shares during the period. State of Wisconsin Investment Board owned about 0.16% of Archer-Daniels-Midland worth $37,494,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADM. Guardian Life Insurance Co. of America raised its position 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 worth $102,000 after buying an additional 8 shares in the last quarter. Enterprise Financial Services Corp raised its position in Archer-Daniels-Midland by 17.7% in the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock worth $105,000 after buying an additional 380 shares in the last quarter. Ledyard National Bank bought a new position in Archer-Daniels-Midland during the first quarter worth about $120,000. Whittier Trust Co. raised its position 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 worth $146,000 after buying an additional 2,932 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd raised its position 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. Institutional investors and hedge funds own 73.70% of the company’s stock.

Archer-Daniels-Midland Company (ADM) opened at 42.05 on Wednesday. Archer-Daniels-Midland Company has a 12 month low of $40.22 and a 12 month high of $47.88. The firm’s 50-day moving average price is $41.65 and its 200-day moving average price is $43.27. The firm has a market cap of $23.66 billion, a price-to-earnings ratio of 17.78 and a beta of 1.11.

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, beating the Zacks’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The firm had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. During the same period last year, the firm posted $0.41 EPS. The business’s revenue was down 4.4% on a year-over-year basis. Equities research analysts predict that Archer-Daniels-Midland Company will post $2.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors 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 yield of 3.04%. Archer-Daniels-Midland’s dividend payout ratio is 53.78%.

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ADM has been the subject of a number of analyst reports. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BMO Capital Markets restated a “hold” rating and set a $41.00 price objective on shares of Archer-Daniels-Midland in a research report on Tuesday, June 27th. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective (up previously from $40.00) on shares of Archer-Daniels-Midland in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $45.10.

Archer-Daniels-Midland Company Profile

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

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