Pacad Investment Ltd. cut its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 41.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,903 shares of the company’s stock after selling 18,790 shares during the period. Pacad Investment Ltd.’s holdings in Archer-Daniels-Midland were worth $1,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Guardian Life Insurance Co. of America raised its stake in shares of Archer-Daniels-Midland by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock worth $102,000 after buying an additional 8 shares during the period. Enterprise Financial Services Corp raised its stake in shares of Archer-Daniels-Midland by 17.7% in the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock worth $105,000 after buying an additional 380 shares during the period. Point72 Asia Hong Kong Ltd raised its stake in shares of Archer-Daniels-Midland by 681.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock worth $156,000 after buying an additional 2,963 shares during the period. Carroll Financial Associates Inc. raised its stake in shares of Archer-Daniels-Midland by 24.7% in the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock worth $159,000 after buying an additional 764 shares during the period. Finally, V Wealth Management LLC raised its stake in shares of Archer-Daniels-Midland by 0.5% in the second quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock worth $184,000 after buying an additional 22 shares during the period. Institutional investors own 72.85% of the company’s stock.

Shares of Archer-Daniels-Midland Company (NYSE:ADM) opened at 42.20 on Friday. The stock has a market capitalization of $23.74 billion, a P/E ratio of 17.84 and a beta of 1.11. Archer-Daniels-Midland Company has a 52-week low of $40.22 and a 52-week high of $47.88. The firm has a 50-day moving average price of $41.85 and a 200-day moving average price of $43.07.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The company’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 EPS. On average, analysts predict that Archer-Daniels-Midland Company will post $2.60 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.03%. Archer-Daniels-Midland’s payout ratio is 53.78%.

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A number of analysts recently commented on the company. Credit Suisse Group dropped their price target on Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday. Zacks Investment Research upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, Piper Jaffray Companies set a $42.00 price target on Archer-Daniels-Midland and gave the stock a “hold” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $43.39.

About Archer-Daniels-Midland

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

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