Huntington National Bank maintained its position in shares of Archer Daniels Midland Co. (NYSE:ADM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,986 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Archer Daniels Midland were worth $6,019,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ADM. State Street Corp increased its position in shares of Archer Daniels Midland by 7.0% in the first quarter. State Street Corp now owns 33,551,175 shares of the company’s stock valued at $1,218,240,000 after buying an additional 2,191,435 shares during the period. Franklin Resources Inc. boosted its stake in Archer Daniels Midland by 1.0% in the first quarter. Franklin Resources Inc. now owns 9,864,467 shares of the company’s stock valued at $358,178,000 after buying an additional 95,500 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Archer Daniels Midland by 1.7% in the first quarter. BlackRock Fund Advisors now owns 7,075,507 shares of the company’s stock valued at $256,912,000 after buying an additional 120,058 shares in the last quarter. BlackRock Group LTD boosted its stake in Archer Daniels Midland by 1.4% in the first quarter. BlackRock Group LTD now owns 5,794,177 shares of the company’s stock valued at $210,387,000 after buying an additional 77,919 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Archer Daniels Midland by 4.6% in the first quarter. Geode Capital Management LLC now owns 5,190,515 shares of the company’s stock valued at $188,112,000 after buying an additional 229,191 shares in the last quarter. Institutional investors own 72.78% of the company’s stock.

Shares of Archer Daniels Midland Co. (NYSE:ADM) traded down 0.07% on Tuesday, hitting $42.15. The company’s stock had a trading volume of 2,381,152 shares. Archer Daniels Midland Co. has a 52 week low of $29.86 and a 52 week high of $47.03. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of 17.05 and a beta of 1.08. The stock’s 50-day moving average price is $43.33 and its 200-day moving average price is $40.91.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates 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 business earned $15.63 billion during the quarter, compared to the consensus estimate of $16.57 billion. During the same quarter last year, the company posted $0.60 EPS. The firm’s revenue was down 9.1% on a year-over-year basis. Equities analysts expect that Archer Daniels Midland Co. will post $2.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Monday, August 15th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 48.58%.

Several equities research analysts have recently weighed in on the company. Macquarie increased their price objective on Archer Daniels Midland from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, August 29th. Morgan Stanley reissued a “hold” rating on shares of Archer Daniels Midland in a research report on Thursday, June 16th. Vetr raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 price objective for the company in a research report on Tuesday, September 6th. Zacks Investment Research raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, June 29th. Finally, BMO Capital Markets raised Archer Daniels Midland from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $40.44 to $48.00 in a research report on Tuesday, May 24th. Eleven investment 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 an average rating of “Hold” and a consensus target price of $45.07.

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

Archer Daniels Midland Company Profile

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