American Assets Investment Management LLC increased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 50.1% during the second quarter, Holdings Channel reports. The firm owned 30,830 shares of the company’s stock after buying an additional 10,290 shares during the period. American Assets Investment Management LLC’s holdings in Archer-Daniels-Midland were worth $1,276,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ADM. Guardian Life Insurance Co. of America boosted 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 boosted 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. Ledyard National Bank bought a new stake in shares of Archer-Daniels-Midland during the first quarter worth approximately $120,000. Whittier Trust Co. boosted its stake in shares of Archer-Daniels-Midland by 1,221.7% in the first quarter. Whittier Trust Co. now owns 3,172 shares of the company’s stock worth $146,000 after buying an additional 2,932 shares during the period. Finally, Point72 Asia Hong Kong Ltd boosted 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. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Shares of Archer-Daniels-Midland Company (NYSE:ADM) opened at 42.15 on Thursday. Archer-Daniels-Midland Company has a 12-month low of $40.22 and a 12-month high of $47.88. The firm has a market cap of $23.71 billion, a PE ratio of 17.82 and a beta of 1.11. The stock’s 50 day moving average price is $41.68 and its 200 day moving average price is $43.26.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The business had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $15.86 billion. During the same period in the previous year, the company posted $0.41 EPS. Archer-Daniels-Midland’s revenue was down 4.4% on a year-over-year basis. On average, equities research analysts predict that Archer-Daniels-Midland Company will post $2.61 EPS for the current fiscal 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 issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio is currently 53.78%.

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A number of brokerages have commented on ADM. BidaskClub upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating 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. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective (up previously from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, BMO Capital Markets restated a “hold” rating and set a $41.00 price objective on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $45.10.

Archer-Daniels-Midland Company Profile

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

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