New York State Common Retirement Fund reduced its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,431,700 shares of the company’s stock after selling 37,001 shares during the period. New York State Common Retirement Fund owned 0.25% of Archer-Daniels-Midland worth $59,244,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in ADM. Vanguard Group Inc. raised its holdings in Archer-Daniels-Midland by 4.0% in the first 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 during the period. BlackRock Inc. raised its holdings in Archer-Daniels-Midland by 6.0% in the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock valued at $1,721,723,000 after buying an additional 2,359,196 shares during the period. Macquarie Group Ltd. raised its holdings in Archer-Daniels-Midland by 1.2% in the first 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 during the period. Victory Capital Management Inc. raised its holdings in Archer-Daniels-Midland by 23.1% in the second 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 during the period. Finally, Geode Capital Management LLC raised its holdings in Archer-Daniels-Midland by 5.7% in the first 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 during the period. Institutional investors and hedge funds own 72.86% of the company’s stock.
Shares of Archer-Daniels-Midland Company (NYSE:ADM) opened at 43.32 on Thursday. The firm has a 50-day moving average of $42.32 and a 200 day moving average of $42.88. Archer-Daniels-Midland Company has a 12 month low of $40.22 and a 12 month high of $47.88. The firm has a market cap of $24.37 billion, a P/E ratio of 18.32 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, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $15.86 billion. During the same period in the previous year, the company earned $0.41 EPS. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Archer-Daniels-Midland Company will post $2.60 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 17th were issued a $0.32 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $1.28 annualized dividend and a yield of 2.95%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 53.78%.
Several research analysts recently commented on the stock. Piper Jaffray Companies set a $42.00 price target on shares of Archer-Daniels-Midland and gave the company a “hold” rating in a report on Friday, August 25th. BidaskClub upgraded shares of Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Credit Suisse Group set a $45.00 price target on shares of Archer-Daniels-Midland and gave the company a “hold” rating in a report on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and issued a $41.00 price target on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. Finally, Vetr upgraded shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price target on the stock in a report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Archer-Daniels-Midland has an average rating of “Hold” and a consensus target price of $44.22.
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Archer-Daniels-Midland Company Profile
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