MML Investors Services LLC grew its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 7.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,436 shares of the company’s stock after purchasing an additional 536 shares during the period. MML Investors Services LLC’s holdings in Archer-Daniels-Midland were worth $308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADM. BlackRock Inc. lifted its position in shares of Archer-Daniels-Midland by 1,027.8% during the first quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock worth $1,806,998,000 after purchasing an additional 35,768,331 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Archer-Daniels-Midland by 4.0% in the first quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock valued at $1,998,037,000 after purchasing an additional 1,672,627 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Archer-Daniels-Midland by 23.1% in the second quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock valued at $266,817,000 after purchasing an additional 1,208,413 shares during the period. Hexavest Inc. purchased a new position in shares of Archer-Daniels-Midland in the second quarter valued at $40,385,000. Finally, Prudential Financial Inc. boosted its stake in shares of Archer-Daniels-Midland by 86.5% in the second quarter. Prudential Financial Inc. now owns 2,082,100 shares of the company’s stock valued at $86,157,000 after purchasing an additional 965,900 shares during the period. Institutional investors own 72.86% of the company’s stock.

Archer-Daniels-Midland Company (NYSE:ADM) opened at 42.51 on Monday. The firm has a market capitalization of $23.91 billion, a price-to-earnings ratio of 17.97 and a beta of 1.12. The firm’s 50-day moving average is $42.32 and its 200 day moving average is $42.88. Archer-Daniels-Midland Company has a one year low of $40.22 and a one year high of $47.88.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The firm had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. Analysts forecast that Archer-Daniels-Midland Company will post $2.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, August 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 53.78%.

Several equities research analysts recently issued reports on ADM shares. Credit Suisse Group set a $45.00 price target on shares of Archer-Daniels-Midland and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Citigroup Inc. reissued a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. BMO Capital Markets reissued a “hold” rating and issued a $41.00 price objective on shares of Archer-Daniels-Midland in a research report on Tuesday, June 27th. Robert W. Baird assumed coverage on Archer-Daniels-Midland in a research note on Monday, September 11th. They set an “outperform” rating and a $50.00 target price for the company. Finally, Piper Jaffray Companies set a $42.00 target price on Archer-Daniels-Midland and gave the company a “hold” rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued 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 price target of $44.31.

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About Archer-Daniels-Midland

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

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