Citizens Financial Group Inc RI lessened its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,495 shares of the company’s stock after selling 1,072 shares during the period. Citizens Financial Group Inc RI’s holdings in Archer-Daniels-Midland were worth $6,393,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Archer-Daniels-Midland by 4.0% during the 1st 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 in the last quarter. BlackRock Inc. increased its position in Archer-Daniels-Midland by 1,027.8% during the 1st 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. Macquarie Group Ltd. increased its position in Archer-Daniels-Midland by 1.2% during the 1st quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock valued at $781,486,000 after buying an additional 207,704 shares in the last quarter. Victory Capital Management Inc. increased its position in Archer-Daniels-Midland by 23.1% during the 2nd quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock valued at $266,817,000 after buying an additional 1,208,413 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Archer-Daniels-Midland by 5.7% during the 1st quarter. Geode Capital Management LLC now owns 5,327,074 shares of the company’s stock valued at $244,894,000 after buying an additional 287,718 shares in the last quarter. 72.86% of the stock is owned by institutional investors.

ADM has been the subject of a number of research analyst reports. Zacks Investment Research raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Robert W. Baird initiated coverage on Archer-Daniels-Midland in a report on Monday. They issued an “outperform” rating and a $50.00 target price for the company. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $45.00 target price (up previously from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $44.22.

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Archer-Daniels-Midland Company (NYSE ADM) traded up 0.77% during trading on Tuesday, hitting $43.12. The stock had a trading volume of 1,102,531 shares. Archer-Daniels-Midland Company has a 52-week low of $40.22 and a 52-week high of $47.88. The company’s 50 day moving average is $41.99 and its 200 day moving average is $42.97. The firm has a market cap of $24.26 billion, a PE ratio of 18.23 and a beta of 1.11.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $15.86 billion. During the same period in the prior year, the firm earned $0.41 EPS. The firm’s revenue was down 4.4% on a year-over-year basis. Equities research analysts forecast that Archer-Daniels-Midland Company will post $2.60 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, August 15th. Archer-Daniels-Midland’s payout ratio is 53.78%.

About Archer-Daniels-Midland

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

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