Butensky & Cohen Financial Security Inc. boosted its position in Archer Daniels Midland Co. (NYSE:ADM) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 39,252 shares of the company’s stock after buying an additional 115 shares during the period. Archer Daniels Midland makes up approximately 1.6% of Butensky & Cohen Financial Security Inc.’s holdings, making the stock its 24th largest position. Butensky & Cohen Financial Security Inc.’s holdings in Archer Daniels Midland were worth $1,684,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Virginia Retirement System purchased a new stake in shares of Archer Daniels Midland during the first quarter worth about $11,331,000. Nisa Investment Advisors L.L.C. increased its stake in shares of Archer Daniels Midland by 2.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 173,209 shares of the company’s stock worth $6,289,000 after buying an additional 4,800 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Archer Daniels Midland during the first quarter worth about $475,000. Aperio Group LLC increased its stake in shares of Archer Daniels Midland by 6.4% in the first quarter. Aperio Group LLC now owns 223,586 shares of the company’s stock worth $8,118,000 after buying an additional 13,453 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in shares of Archer Daniels Midland by 38.2% in the first quarter. Commonwealth Equity Services Inc now owns 116,692 shares of the company’s stock worth $4,237,000 after buying an additional 32,265 shares during the last quarter. Hedge funds and other institutional investors own 72.78% of the company’s stock.

Archer Daniels Midland Co. (NYSE:ADM) traded up 0.36% on Monday, reaching $42.18. 1,606,759 shares of the company’s stock traded hands. The firm’s 50-day moving average is $43.39 and its 200 day moving average is $40.87. The firm has a market cap of $24.54 billion, a PE ratio of 17.06 and a beta of 1.08. Archer Daniels Midland Co. has a 12 month low of $29.86 and a 12 month high of $47.03.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.04. Archer Daniels Midland had a net margin of 2.35% and a return on equity of 6.88%. The company had revenue of $15.63 billion for the quarter, compared to the consensus estimate of $16.57 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis. Equities analysts predict that Archer Daniels Midland Co. will post $2.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Monday, August 15th. Archer Daniels Midland’s dividend payout ratio (DPR) is 48.58%.

A number of equities research analysts have issued reports on the stock. Vetr upgraded shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 price objective on the stock in a research note on Tuesday, September 6th. Argus upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and raised their price target for the company from $43.93 to $54.00 in a research note on Thursday, August 4th. Stephens restated a “hold” rating on shares of Archer Daniels Midland in a research note on Monday, June 6th. BB&T Corp. began coverage on shares of Archer Daniels Midland in a research note on Tuesday, July 12th. They issued a “hold” rating on the stock. Finally, Zacks Investment Research downgraded shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Eleven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $45.07.

In related news, insider Ambrose Michael D sold 41,525 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $45.00, for a total value of $1,868,625.00. Following the transaction, the insider now directly owns 198,028 shares in the company, valued at $8,911,260. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.15% of the stock is currently owned by corporate insiders.

About Archer Daniels Midland

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