Wedbush Securities Inc. boosted its position in Archer-Daniels-Midland Company (NYSE:ADM) by 16.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,592 shares of the company’s stock after buying an additional 800 shares during the period. Wedbush Securities Inc.’s holdings in Archer-Daniels-Midland were worth $231,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ADM. State of Alaska Department of Revenue purchased a new stake in Archer-Daniels-Midland during the first quarter worth about $228,000. Candriam Luxembourg S.C.A. increased its stake in Archer-Daniels-Midland by 28.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 37,474 shares of the company’s stock worth $1,725,000 after buying an additional 8,277 shares in the last quarter. Van Cleef Asset Management Inc increased its stake in Archer-Daniels-Midland by 0.7% in the first quarter. Van Cleef Asset Management Inc now owns 184,631 shares of the company’s stock worth $8,500,000 after buying an additional 1,213 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Archer-Daniels-Midland by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 15,345 shares of the company’s stock worth $661,000 after buying an additional 305 shares in the last quarter. Finally, Personal Capital Advisors Corp purchased a new stake in Archer-Daniels-Midland during the first quarter worth about $695,000. 73.70% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Company (NYSE ADM) opened at 41.27 on Monday. The company has a market capitalization of $23.22 billion, a price-to-earnings ratio of 17.45 and a beta of 1.11. The stock has a 50 day moving average price of $41.71 and a 200-day moving average price of $43.23. Archer-Daniels-Midland Company has a 12-month low of $40.22 and a 12-month high of $47.88.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. The firm had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. Archer-Daniels-Midland’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. Equities analysts predict that Archer-Daniels-Midland Company will post $2.61 EPS for the current fiscal year.

The business 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. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.10%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 53.78%.

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A number of analysts have issued reports on ADM shares. Vetr raised 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 report on Monday, May 22nd. Zacks Investment Research downgraded Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 31st. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. BMO Capital Markets reaffirmed a “hold” rating and issued a $41.00 price target on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. 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 assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.10.

Archer-Daniels-Midland Company Profile

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

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