Archer-Daniels-Midland Company (ADM) Holdings Cut by FTB Advisors Inc.
FTB Advisors Inc. trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM) by 15.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 133,939 shares of the company’s stock after selling 24,617 shares during the period. FTB Advisors Inc.’s holdings in Archer-Daniels-Midland were worth $5,542,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Guardian Life Insurance Co. of America grew its position in Archer-Daniels-Midland by 0.4% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock worth $102,000 after purchasing an additional 8 shares in the last quarter. V Wealth Management LLC grew its position in Archer-Daniels-Midland by 0.5% in the 2nd quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock worth $184,000 after purchasing an additional 22 shares in the last quarter. Hefty Wealth Partners grew its position in Archer-Daniels-Midland by 0.5% in the 2nd quarter. Hefty Wealth Partners now owns 4,704 shares of the company’s stock worth $194,000 after purchasing an additional 24 shares in the last quarter. ProVise Management Group LLC grew its position in Archer-Daniels-Midland by 0.6% in the 1st quarter. ProVise Management Group LLC now owns 6,672 shares of the company’s stock worth $307,000 after purchasing an additional 41 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its position in Archer-Daniels-Midland by 0.6% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 10,084 shares of the company’s stock worth $464,000 after purchasing an additional 58 shares in the last quarter. 72.86% of the stock is owned by institutional investors and hedge funds.
Archer-Daniels-Midland Company (NYSE:ADM) traded up 0.93% on Thursday, reaching $43.43. 542,457 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $42.56 and its 200 day moving average price is $42.76. The company has a market cap of $24.43 billion, a PE ratio of 18.36 and a beta of 1.12. 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 announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The firm had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. During the same period in the previous 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. On average, analysts expect that Archer-Daniels-Midland Company will post $2.55 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.97%. Archer-Daniels-Midland’s dividend payout ratio is presently 53.78%.
ADM has been the subject of a number of recent analyst reports. Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub raised shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Robert W. Baird initiated coverage on shares of Archer-Daniels-Midland in a research report on Monday, September 11th. They issued an “outperform” rating and a $50.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 price objective (down from $41.00) on shares of Archer-Daniels-Midland in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus target price of $43.47.
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