Retirement Systems of Alabama increased its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 276,690 shares of the company’s stock after buying an additional 638 shares during the period. Retirement Systems of Alabama’s holdings in Archer Daniels Midland were worth $11,449,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Guardian Life Insurance Co. of America increased its stake in 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 last quarter. Enterprise Financial Services Corp increased its stake in 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 last quarter. Ledyard National Bank bought a new stake in Archer Daniels Midland during the first quarter worth $120,000. Whittier Trust Co. increased its stake in 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 last quarter. Finally, Point72 Asia Hong Kong Ltd increased its stake in 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 last quarter. Institutional investors own 73.21% of the company’s stock.

Shares of Archer Daniels Midland Company (NYSE:ADM) opened at 42.12 on Friday. The company’s 50-day moving average is $41.60 and its 200 day moving average is $43.35. The firm has a market capitalization of $23.69 billion, a P/E ratio of 17.81 and a beta of 1.11. Archer Daniels Midland Company has a 52-week low of $40.22 and a 52-week high of $47.88.

Archer Daniels Midland (NYSE:ADM) last posted 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. The company had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $15.86 billion. Archer Daniels Midland had a net margin of 1.84% and a return on equity of 6.41%. Archer Daniels Midland’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. Analysts expect that Archer Daniels Midland Company will post $2.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be given 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 53.78%.

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A number of research firms have recently weighed in on ADM. BidaskClub upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price target (up from $40.00) on shares of Archer Daniels Midland in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Argus downgraded shares of Archer Daniels Midland from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, Citigroup Inc. restated a “buy” rating on shares of Archer Daniels Midland in a research note 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 company. Archer Daniels Midland has a consensus rating of “Hold” and a consensus target price 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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