Schwab Charles Investment Management Inc. increased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,440,733 shares of the company’s stock after buying an additional 149,451 shares during the period. Schwab Charles Investment Management Inc. owned about 0.43% of Archer-Daniels-Midland worth $100,998,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in ADM. Guardian Life Insurance Co. of America increased 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 worth $102,000 after buying an additional 8 shares during the period. Enterprise Financial Services Corp increased its stake 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 during the period. Ledyard National Bank bought a new stake in Archer-Daniels-Midland during the first quarter worth about $120,000. Whittier Trust Co. increased 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 worth $146,000 after buying an additional 2,932 shares during the period. Finally, Point72 Asia Hong Kong Ltd increased 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 during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Archer-Daniels-Midland Company (NYSE ADM) opened at 41.67 on Friday. The stock has a market capitalization of $23.44 billion, a P/E ratio of 17.62 and a beta of 1.11. The company’s 50-day moving average is $41.70 and its 200 day moving average is $43.25. 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 quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, equities analysts forecast that Archer-Daniels-Midland Company will post $2.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be paid a $0.32 dividend. 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 3.07%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 53.78%.

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A number of research firms have recently issued reports on ADM. BidaskClub raised shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research raised shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target (up from $40.00) on shares of Archer-Daniels-Midland in a research note on Thursday, August 3rd. Argus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $41.00 price target on shares of Archer-Daniels-Midland in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $45.10.

About Archer-Daniels-Midland

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

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