IFC Holdings Incorporated FL lowered its position in Archer-Daniels-Midland Company (NYSE:ADM) by 5.2% during the second quarter, Holdings Channel reports. The firm owned 4,989 shares of the company’s stock after selling 272 shares during the period. IFC Holdings Incorporated FL’s holdings in Archer-Daniels-Midland were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Raymond James Trust N.A. increased its stake in Archer-Daniels-Midland by 3.4% in the first quarter. Raymond James Trust N.A. now owns 4,652 shares of the company’s stock worth $214,000 after buying an additional 152 shares during the period. Tompkins Financial Corp increased its stake in Archer-Daniels-Midland by 81.6% in the first quarter. Tompkins Financial Corp now owns 8,112 shares of the company’s stock worth $295,000 after buying an additional 3,645 shares during the period. Berkshire Asset Management LLC PA increased its stake in Archer-Daniels-Midland by 11.5% in the first quarter. Berkshire Asset Management LLC PA now owns 5,238 shares of the company’s stock worth $241,000 after buying an additional 542 shares during the period. DnB Asset Management AS increased its stake in Archer-Daniels-Midland by 28.6% in the first quarter. DnB Asset Management AS now owns 81,041 shares of the company’s stock worth $3,731,000 after buying an additional 18,000 shares during the period. Finally, Ledyard National Bank bought a new stake in Archer-Daniels-Midland during the first quarter worth about $120,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

Archer-Daniels-Midland Company (ADM) opened at 42.05 on Wednesday. The stock has a market cap of $23.66 billion, a P/E ratio of 17.78 and a beta of 1.11. The stock has a 50 day moving average of $41.65 and a 200 day moving average of $43.27. Archer-Daniels-Midland Company has a 1-year low of $40.22 and a 1-year high of $47.88.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $15.86 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The business’s quarterly revenue was down 4.4% on a year-over-year basis. Equities analysts anticipate that Archer-Daniels-Midland Company will post $2.61 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be paid a $0.32 dividend. 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 (DPR) is presently 53.78%.

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ADM has been the subject of a number of research analyst reports. Vetr upgraded shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective for the company in a report on Monday, May 22nd. Zacks Investment Research downgraded shares of Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. Argus downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. 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. Finally, Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average 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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