Arizona State Retirement System reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 186,125 shares of the company’s stock after selling 3,200 shares during the period. Arizona State Retirement System’s holdings in Archer-Daniels-Midland were worth $7,702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. raised its position in Archer-Daniels-Midland by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 15,345 shares of the company’s stock worth $661,000 after buying an additional 305 shares in the last quarter. Van Cleef Asset Management Inc raised its position in Archer-Daniels-Midland by 0.7% in the first quarter. Van Cleef Asset Management Inc now owns 184,631 shares of the company’s stock worth $8,500,000 after buying an additional 1,213 shares in the last quarter. CAPROCK Group Inc. raised its position in Archer-Daniels-Midland by 5.8% in the first quarter. CAPROCK Group Inc. now owns 7,257 shares of the company’s stock worth $334,000 after buying an additional 400 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in Archer-Daniels-Midland by 28.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 37,474 shares of the company’s stock worth $1,725,000 after buying an additional 8,277 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Archer-Daniels-Midland during the first quarter worth $228,000. 73.21% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Company (NYSE:ADM) opened at 41.26 on Friday. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 17.45 and a beta of 1.11. Archer-Daniels-Midland Company has a 12 month low of $40.22 and a 12 month high of $47.88. The company’s 50-day moving average is $41.60 and its 200 day moving average is $43.33.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The business 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 firm’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, equities research analysts predict that Archer-Daniels-Midland Company will post $2.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 53.78%.

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A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub raised shares of Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Archer-Daniels-Midland in a research report on Thursday, August 3rd. Argus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Finally, Vetr raised shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price target for the company in a research report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.10.

About Archer-Daniels-Midland

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

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