Janney Montgomery Scott LLC Has $1.01 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)
Janney Montgomery Scott LLC cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 10.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 24,286 shares of the company’s stock after selling 2,714 shares during the period. Janney Montgomery Scott LLC’s holdings in Archer-Daniels-Midland were worth $1,005,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Guardian Life Insurance Co. of America boosted its position 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 valued at $102,000 after buying an additional 8 shares during the period. Ledyard National Bank bought a new position in shares of Archer-Daniels-Midland during the first quarter valued at about $120,000. Whittier Trust Co. boosted its position 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 valued at $146,000 after buying an additional 2,932 shares during the period. Point72 Asia Hong Kong Ltd boosted its position 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 valued at $156,000 after buying an additional 2,963 shares during the period. Finally, Carroll Financial Associates Inc. boosted its position in shares of Archer-Daniels-Midland by 24.7% in the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock valued at $159,000 after buying an additional 764 shares during the period. 73.21% of the stock is owned by institutional investors and hedge funds.
Archer-Daniels-Midland Company (NYSE ADM) opened at 41.26 on Friday. The firm has a market cap of $23.21 billion, a PE ratio of 17.45 and a beta of 1.11. Archer-Daniels-Midland Company has a 12-month low of $40.22 and a 12-month high of $47.88. The company has a 50-day moving average price of $41.60 and a 200-day moving average price of $43.33.
Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $15.86 billion. The business’s revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share. On average, equities analysts predict that Archer-Daniels-Midland Company will post $2.61 earnings per share for the current year.
The company 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. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a yield of 3.10%. Archer-Daniels-Midland’s payout ratio is currently 53.78%.
Several equities analysts have recently issued reports on ADM shares. Citigroup Inc. reissued a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Zacks Investment Research raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BMO Capital Markets reissued a “hold” rating and issued a $41.00 price objective on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective (up previously from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.10.
Archer-Daniels-Midland Company Profile
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