Archer-Daniels-Midland Company (ADM) Holdings Decreased by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. decreased its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,306 shares of the company’s stock after selling 550 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Archer-Daniels-Midland were worth $1,337,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Calamos Advisors LLC increased its position in shares of Archer-Daniels-Midland by 2.7% during the 2nd quarter. Calamos Advisors LLC now owns 62,677 shares of the company’s stock worth $2,594,000 after purchasing an additional 1,661 shares during the last quarter. Boyer & Corporon Wealth Management LLC increased its position in shares of Archer-Daniels-Midland by 2.5% during the 2nd quarter. Boyer & Corporon Wealth Management LLC now owns 78,399 shares of the company’s stock worth $3,244,000 after purchasing an additional 1,942 shares during the last quarter. Intact Investment Management Inc. acquired a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $356,000. Banque Pictet & Cie SA increased its position in shares of Archer-Daniels-Midland by 37.2% during the 2nd quarter. Banque Pictet & Cie SA now owns 59,000 shares of the company’s stock worth $2,441,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its position in shares of Archer-Daniels-Midland by 3.2% during the 2nd quarter. Pinnacle Associates Ltd. now owns 34,121 shares of the company’s stock worth $1,412,000 after purchasing an additional 1,074 shares during the last quarter. 72.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Archer-Daniels-Midland Company (NYSE ADM) opened at 44.09 on Tuesday. The company has a 50-day moving average price of $42.27 and a 200 day moving average price of $42.89. Archer-Daniels-Midland Company has a 1-year low of $40.22 and a 1-year high of $47.88. The company has a market capitalization of $24.80 billion, a P/E ratio of 18.64 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, topping 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 business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $15.86 billion. During the same period last year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. Equities research analysts anticipate 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. Shareholders of record on Thursday, August 17th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio is currently 53.78%.
ADM has been the topic of a number of recent analyst reports. Credit Suisse Group decreased their target price on Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, August 31st. Zacks Investment Research raised Archer-Daniels-Midland from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 4th. Vetr raised Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 target price on the stock in a report on Monday, May 22nd. BMO Capital Markets reissued a “hold” rating and set a $41.00 target price on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. Finally, Robert W. Baird initiated coverage on Archer-Daniels-Midland in a report on Monday, September 11th. They set an “outperform” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued 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 price target of $44.22.
Archer-Daniels-Midland Company Profile
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