Axa raised its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,000 shares of the company’s stock after buying an additional 800 shares during the period. Axa’s holdings in Archer-Daniels-Midland were worth $4,966,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Guardian Life Insurance Co. of America increased its holdings in Archer-Daniels-Midland by 0.4% during 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 during the last quarter. Enterprise Financial Services Corp increased its holdings in Archer-Daniels-Midland by 17.7% during the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock valued at $105,000 after buying an additional 380 shares during the last quarter. Manchester Capital Management LLC increased its holdings in Archer-Daniels-Midland by 28.3% during the second quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock valued at $112,000 after buying an additional 600 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its holdings in Archer-Daniels-Midland by 681.1% during the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock valued at $156,000 after buying an additional 2,963 shares during the last quarter. Finally, Carroll Financial Associates Inc. increased its holdings in Archer-Daniels-Midland by 24.7% during the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock valued at $159,000 after buying an additional 764 shares during the last quarter. 72.86% of the stock is owned by institutional investors and hedge funds.

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Shares of Archer-Daniels-Midland Company (ADM) opened at 43.84 on Friday. The stock has a 50 day moving average of $42.21 and a 200-day moving average of $42.95. Archer-Daniels-Midland Company has a 52 week low of $40.22 and a 52 week high of $47.88. The stock has a market capitalization of $24.66 billion, a PE ratio of 18.54 and a beta of 1.11.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, beating 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 net margin of 2.22% and a return on equity of 8.40%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. On average, equities research analysts expect that Archer-Daniels-Midland Company will post $2.60 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 53.78%.

ADM has been the subject of a number of research reports. Argus cut shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Citigroup Inc. reissued a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 31st. Vetr raised shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective for the company in a research note on Monday, May 22nd. Finally, BidaskClub raised shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.22.

Archer-Daniels-Midland Company Profile

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

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