First Trust Advisors LP raised its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 5.1% during the second quarter, Holdings Channel reports. The firm owned 1,501,367 shares of the company’s stock after buying an additional 73,157 shares during the period. First Trust Advisors LP’s holdings in Archer-Daniels-Midland were worth $62,127,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Archer-Daniels-Midland by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 15,345 shares of the company’s stock valued at $661,000 after buying an additional 305 shares in the last quarter. Van Cleef Asset Management Inc boosted its stake in shares of Archer-Daniels-Midland by 0.7% in the first quarter. Van Cleef Asset Management Inc now owns 184,631 shares of the company’s stock valued at $8,500,000 after buying an additional 1,213 shares in the last quarter. CAPROCK Group Inc. boosted its stake in shares of Archer-Daniels-Midland by 5.8% in the first quarter. CAPROCK Group Inc. now owns 7,257 shares of the company’s stock valued at $334,000 after buying an additional 400 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of Archer-Daniels-Midland by 28.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 37,474 shares of the company’s stock valued at $1,725,000 after buying an additional 8,277 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Archer-Daniels-Midland during the first quarter valued at $228,000. 73.21% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Company (NYSE:ADM) opened at 41.26 on Friday. The company has a 50 day moving average of $41.60 and a 200 day moving average of $43.33. The company has a market capitalization of $23.21 billion, a PE ratio of 17.45 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, beating the Zacks’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The firm 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 firm earned $0.41 EPS. The business’s quarterly revenue was down 4.4% on a year-over-year basis. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post $2.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.10%. Archer-Daniels-Midland’s payout ratio is currently 53.78%.

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Several brokerages have recently weighed in on ADM. Zacks Investment Research upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub upgraded Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price target (up from $40.00) on shares of Archer-Daniels-Midland in a research report on Thursday, August 3rd. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Finally, Vetr upgraded Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price target on the stock in a research report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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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