LSV Asset Management decreased its position in Archer Daniels Midland Co (NYSE:ADM) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,422,373 shares of the company’s stock after selling 123,900 shares during the quarter. LSV Asset Management owned 0.97% of Archer Daniels Midland worth $248,507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Douglass Winthrop Advisors LLC acquired a new stake in shares of Archer Daniels Midland in the second quarter valued at about $594,000. UMB Bank N A MO increased its position in shares of Archer Daniels Midland by 24.4% in the second quarter. UMB Bank N A MO now owns 16,319 shares of the company’s stock valued at $748,000 after acquiring an additional 3,200 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Archer Daniels Midland by 2.1% in the first quarter. Principal Financial Group Inc. now owns 952,982 shares of the company’s stock valued at $41,331,000 after acquiring an additional 19,336 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Archer Daniels Midland by 8.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 34,830 shares of the company’s stock valued at $1,596,000 after acquiring an additional 2,790 shares during the last quarter. Finally, Creative Planning increased its position in shares of Archer Daniels Midland by 2.7% in the second quarter. Creative Planning now owns 90,539 shares of the company’s stock valued at $4,149,000 after acquiring an additional 2,399 shares during the last quarter. 75.19% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP John P. Stott sold 1,294 shares of the business’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $47.03, for a total transaction of $60,856.82. Following the completion of the sale, the vice president now owns 40,922 shares in the company, valued at $1,924,561.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph D. Taets sold 3,218 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $49.10, for a total value of $158,003.80. Following the sale, the insider now owns 182,770 shares of the company’s stock, valued at approximately $8,974,007. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,445 shares of company stock valued at $5,780,843. Corporate insiders own 0.94% of the company’s stock.

A number of research firms recently commented on ADM. Stephens reiterated an “overweight” rating on shares of Archer Daniels Midland in a report on Thursday. Morgan Stanley lifted their price target on Archer Daniels Midland from $33.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, August 3rd. BMO Capital Markets lifted their price target on Archer Daniels Midland from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, August 1st. Buckingham Research lifted their price target on Archer Daniels Midland from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Finally, JPMorgan Chase & Co. upgraded Archer Daniels Midland from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $42.00 to $48.00 in a report on Monday, July 9th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Archer Daniels Midland presently has an average rating of “Hold” and an average target price of $47.62.

Archer Daniels Midland stock opened at $50.15 on Friday. Archer Daniels Midland Co has a 52 week low of $38.59 and a 52 week high of $50.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.59 and a quick ratio of 0.91. The stock has a market cap of $27.91 billion, a P/E ratio of 20.64 and a beta of 1.03.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.25. Archer Daniels Midland had a return on equity of 9.19% and a net margin of 3.05%. The company had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $15.48 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. sell-side analysts predict that Archer Daniels Midland Co will post 3.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Stockholders of record on Thursday, August 16th will be issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Wednesday, August 15th. Archer Daniels Midland’s dividend payout ratio is presently 55.14%.

Archer Daniels Midland Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

Further Reading: Outstanding Shares and The Effect on Share Price

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

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